W8-BEN form - HELP !!!
Nov 2nd 2012, 10:50 pm
#16
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Joined: Nov 2012
Posts: 902
Re: W8-BEN form - HELP !!!
You could do either to repair your returns if you filed them incorrectly in the first place by not declaring all of your worldwide income and gains.
Nov 2nd 2012, 11:10 pm
#17
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Joined: Aug 2004
Posts: 4,754
Re: W8-BEN form - HELP !!!
True, but if the funds inside the IRA are not HMRC reporting funds you'd be taxed at your marginal income tax rate and you'd also have to come up with documentation from the IRA administrator which would be a pain. Then you'd have to work out the UK tax free basis when you took income. I'd recommend claiming treaty exemption.
Nov 2nd 2012, 11:11 pm
#18
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Joined: Aug 2004
Posts: 4,754
Re: W8-BEN form - HELP !!!
Wow, I'm learning so much today - thank you so much!
I wonder though: do I have to re-file my entire tax return, or can I just send them a letter? I know you're going to say call them, but if there's one thing that has definitely deteriorated in Old Blighty it's the tax peeps' customer service department. You're left waiting in a queue and eventually get connected to some call-centre where they read stuff from a computer screen. <sigh>
I wonder though: do I have to re-file my entire tax return, or can I just send them a letter? I know you're going to say call them, but if there's one thing that has definitely deteriorated in Old Blighty it's the tax peeps' customer service department. You're left waiting in a queue and eventually get connected to some call-centre where they read stuff from a computer screen. <sigh>
Last edited by nun; Nov 2nd 2012 at 11:33 pm.
