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Tax late declaration

A section for posts relating to applications for Naturalisation or Registration as a British Citizen. Naturalisation

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Orange2020
Newly Registered
Posts: 2
Joined: Mon Dec 14, 2020 8:44 pm
United Kingdom

Tax late declaration

Post by Orange2020 » Mon Dec 14, 2020 9:22 pm

I got ILR through 5 years Tier2 route. I am on ILR for 1 year now. I am paying my tax through PAYE for my whole stay in UK and I haven’t done any self-assessment stuff until now. Only recently I got to know that I have a tax liability for any foreign bank savings interest above a certain threshold. I had some foreign interest savings since my Tier2 visa period and badly I did not know that I should declare it to HMRC. Now I have informed this to HMRC and they may arrange me to pay it. My question is whether this would effect on a future naturalization application. Please let me know.
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CULLINAN
Respected Guru
Posts: 11124
Joined: Wed Sep 13, 2017 10:51 pm
Pakistan

Re: Tax late declaration

Post by CULLINAN » Mon Dec 14, 2020 9:29 pm

No. Just pay if any tax/penalty outstanding.
Personal opinion only, not to be mistaken for legal advice. Please DO NOT PM me for immigration advice. Love for All, Hatred for None.
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Orange2020
Newly Registered
Posts: 2
Joined: Mon Dec 14, 2020 8:44 pm
United Kingdom

Re: Tax late declaration

Post by Orange2020 » Mon Dec 14, 2020 9:37 pm

CULLINAN wrote: ↑
Mon Dec 14, 2020 9:29 pm
 No. Just pay if any tax/penalty outstanding.
I really appreciate your quick reply CULLINAN.
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