Question re: declaring UK savings interest on tax form
#1
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Joined: Apr 2018
Posts: 1
Question re: declaring UK savings interest on tax form
Hi all
Am I right in thinking that when filling out your French tax declaration, you DON'T need to declare interest earned on "normal" UK savings accounts (as interest is already taxed in the UK automatically by the bank and thus covered by the France/UK double taxation treaty). I'm talking less than £100 in interest for the year anyway so it's really nominal, I just want to make sure I get it right.
However, I DO need to declare any interest earned on ISA accounts as these are tax free in the UK but not in France...right?
Probably a really basic question, I just want to check.
Also I know you have to declare all bank accounts that you have open abroad - previously I did this on paper that I attached to my paper tax return, but I want to do my tax declaration online this year yet can't see how it's possible to declare my UK accounts?
Thanks in advance for any help
Am I right in thinking that when filling out your French tax declaration, you DON'T need to declare interest earned on "normal" UK savings accounts (as interest is already taxed in the UK automatically by the bank and thus covered by the France/UK double taxation treaty). I'm talking less than £100 in interest for the year anyway so it's really nominal, I just want to make sure I get it right.
However, I DO need to declare any interest earned on ISA accounts as these are tax free in the UK but not in France...right?
Probably a really basic question, I just want to check.
Also I know you have to declare all bank accounts that you have open abroad - previously I did this on paper that I attached to my paper tax return, but I want to do my tax declaration online this year yet can't see how it's possible to declare my UK accounts?
Thanks in advance for any help
#2
Re: Question re: declaring UK savings interest on tax form
Hi
Welcome to the forum.
Bank interest is no longer taxed in the UK and should be declared in France.
HTH
Welcome to the forum.
Bank interest is no longer taxed in the UK and should be declared in France.
HTH
#3
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Joined: Jun 2015
Location: France
Posts: 860
Re: Question re: declaring UK savings interest on tax form
Hi all
Am I right in thinking that when filling out your French tax declaration, you DON'T need to declare interest earned on "normal" UK savings accounts (as interest is already taxed in the UK automatically by the bank and thus covered by the France/UK double taxation treaty). I'm talking less than £100 in interest for the year anyway so it's really nominal, I just want to make sure I get it right.
However, I DO need to declare any interest earned on ISA accounts as these are tax free in the UK but not in France...right?
Probably a really basic question, I just want to check.
Also I know you have to declare all bank accounts that you have open abroad - previously I did this on paper that I attached to my paper tax return, but I want to do my tax declaration online this year yet can't see how it's possible to declare my UK accounts?
Thanks in advance for any help
Am I right in thinking that when filling out your French tax declaration, you DON'T need to declare interest earned on "normal" UK savings accounts (as interest is already taxed in the UK automatically by the bank and thus covered by the France/UK double taxation treaty). I'm talking less than £100 in interest for the year anyway so it's really nominal, I just want to make sure I get it right.
However, I DO need to declare any interest earned on ISA accounts as these are tax free in the UK but not in France...right?
Probably a really basic question, I just want to check.
Also I know you have to declare all bank accounts that you have open abroad - previously I did this on paper that I attached to my paper tax return, but I want to do my tax declaration online this year yet can't see how it's possible to declare my UK accounts?
Thanks in advance for any help
I’m still filing my return on paper and like yourself, have in the past opted to declare the existence of the accounts on “papier libre” rather than via the official form (3916).
I’ve no idea how to do it online (will start next year) but is there perhaps a link in the main form to the 3916?
And to the 2047 for declaring the interest?
#4
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Joined: Jan 2012
Location: Dépt 61
Posts: 5,254
Re: Question re: declaring UK savings interest on tax form
Hi all
Am I right in thinking that when filling out your French tax declaration, you DON'T need to declare interest earned on "normal" UK savings accounts (as interest is already taxed in the UK automatically by the bank and thus covered by the France/UK double taxation treaty). I'm talking less than £100 in interest for the year anyway so it's really nominal, I just want to make sure I get it right.
Am I right in thinking that when filling out your French tax declaration, you DON'T need to declare interest earned on "normal" UK savings accounts (as interest is already taxed in the UK automatically by the bank and thus covered by the France/UK double taxation treaty). I'm talking less than £100 in interest for the year anyway so it's really nominal, I just want to make sure I get it right.
If tax has been deducted at source in the UK you need to then claim it back.
Also I know you have to declare all bank accounts that you have open abroad - previously I did this on paper that I attached to my paper tax return, but I want to do my tax declaration online this year yet can't see how it's possible to declare my UK accounts?
Thanks in advance for any help
Thanks in advance for any help
As a general comment - even if an income source is taxable in the UK, you still need to declare it in France as it is part of your worldwide income and needs to be included in your RFR.