What is a Double Taxation Agreement (DTA)?

Описание: A Double Taxation Agreement ‘(DTA)’ is a contract signed by two countries to prevent you from paying tax twice on the same income. If both countries have a Double Taxation Agreement (DTA), you don’t pay additional tax on the same income, but you may still have to file a tax return in both countries. Here’s a list of current double taxation agreements between the UK and other countries. ANIMATED LIST NEEDED!

What if you’re a UK resident, but earn foreign income

HMRC will tax your worldwide income and you will need to include both your UK and foreign income on your UK Self Assessment
Without a Double Taxation Agreement (DTA), if you’ve already paid tax on your foreign income outside of the UK, you have to pay tax in both countries

With a Double Taxation Agreement (DTA), you can claim back the foreign income tax as tax relief for your UK Self Assessment tax return

What if you’re not a UK resident but you earn income from the UK

You must complete a UK Self Assessment (we can help you with this!)
Only include and pay tax on income earned in the UK

With a Double Taxation Agreement (DTA), you can usually claim back the tax paid on your income in other countries

You can also choose to stay a non-resident by claiming the “Remittance basis” of taxation. You’ll still need to pay tax on UK earnings, but your foreign earnings will be taxed in the other country.

If you’re a tax resident in both countries

You’ll have to check the Double Taxation Agreement (DTA) between that country and the UK to make sure that you don’t pay tax twice

Pie aims to democratise tax for the masses, with everything you need to manage your taxes without anxiety, in one easy-to-use, affordable, and beautifully designed app.

Download the Pie Tax App now to see what you could save or make

www.pie.tax

Tax Credits, Tax Refunds, Universal credits, government support, self-employed, income protection, CIS, tax returns, tax, Tax Credits, Tax Refunds, Refunds, tax calculator, CIS tax refund, government gateway, login, self-employed, SIIP, HMRC, Tax refund, cis, self-employed, sole trader, gig economy, self assessment, MTD, making tax digital,