Alan Collett

http://www.ato.gov.au/corporate/cont...t/00333714.htm

ATO reminder regarding the submission of 2012 tax returns.

Remember also that any paper based UK tax returns must be lodged with HMRC before the end of this month; after 31/10/2012 you must submit a 2012 UK tax return electronically.

Best regards.

Beoz

Thanks for the reminder Alan. I still haven't done last years for either country.

Though my income for the UK was about £200 I'm hoping they are going to jump down my throat for that.

What's the deal in Australia for a late tax return?

Alan Collett

No automatic late filing penalties in Australia - but you can expect to find yourself with less time to lodge a tax return in future years if you are a persistent defaulter.

Penalties and interest costs can also be invoked by the ATO.

The UK now operates a per day late filing penalty, so priority numero uno for you should be your 2011 UK return.

Best regards.

Tramps_mate

Iv had no supporting letter yet but any idea why my refund would be about $250 less than my claim?

Beoz

I've never lodge nor been asked to lodge a tax return in the UK. I thought Oz was mandatory and the UK was upon request?

Edit: I tell a lie. A lodged something to claim the UK tax I overpaid for only working half the financial year

Alan Collett

Maybe you omitted some income from the tax return?

Alan Collett

The UK operates a Self Assessment regime - it is incumbent on the taxpayer to notify HMRC of chargeability.

See also: http://www.hmrc.gov.uk/sa/need-tax-return.htm#1

Best regards.

Beoz

That's brilliant .... makes me laugh .... When living in the UK I've had bank accounts in other countries, not earning much interest, and I didn't know all this time I was suppose to declare.

I do like this bit. Even more confusing

You've lived or worked abroad or aren't domiciled in the UK
You may need to complete a tax return if you're:

•not resident
•not ordinarily resident
•not domiciled in the UK and claim the 'remittance basis'
•dual resident of the UK and another country

Residency is a complex issue. Follow the link below to find out more about your residency status, the remittance basis and what to do next.

Effectively I give up .... they've got me ... it's all too hard

Alan Collett

Engage a competent accountant => should take the worries away ... hopefully not too many $'s as well ...

Best regards.

Beoz

Alan - you are absolutely right - digging out all the masses of paperwork is the daunting bit