Simplifying the Taxation of Offshore Interest
Read the full outcome
Detail of outcome
The government has published a summary of responses to the consultation ‘Simplifying the Taxation of Offshore Interest’, which discussed the issues caused by the mismatch between the UK tax year and individuals often receiving details on a calendar year basis for non-UK investment income.
The government is grateful to those who contributed their views, evidence, and time to respond.
Original consultation
Consultation description
This discussion document explains the challenges arising from information on offshore interest being provided on a calendar year basis rather than a UK tax year basis.
We welcome views on how to address these challenges, including the option of taxing individuals on non-UK interest arising in the year ended 31 December in their self assessment tax returns.
Documents
Updates to this page
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Published summary of responses.
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First published.