BobDee Posted May 5, 2008 Share Posted May 5, 2008 Tried really hard to get this straight from previous postings and the ever helpful FAQ's, but can someone explain again the correct way to enter UK savings interest? The FAQs say enter Gross amount in column 5 of. 2 - REVENUS DES VALEURS MOBILIÈRES ÉTRANGÈRES ET REVENUS ASSIMILÉS (2047) but this column is headed NET. Do you make any adjustmnets to this figure before carrying it over to the TS box on the 2042?A blow by blow explanation would be appreciated.Sorry if this has been covered before.BobD Link to comment Share on other sites More sharing options...
Ron Avery Posted May 5, 2008 Share Posted May 5, 2008 [quote user="BobDee"] Tried really hard to get this straight from previous postings and the ever helpful FAQ's, but can someone explain again the correct way to enter UK savings interest? The FAQs say enter Gross amount in column 5 of. 2 - REVENUS DES VALEURS MOBILIÈRES ÉTRANGÈRES ET REVENUS ASSIMILÉS (2047) but this column is headed NET. Do you make any adjustmnets to this figure before carrying it over to the TS box on the 2042? NO. The figure that goes onto the 2042 is the gross interest. Remember the 2047 is just a calculation sheet and is not just for the English to use, some income from some countries is subject to calculations and % adjustments and that is what the net figure means, not net of tax.[/quote] Link to comment Share on other sites More sharing options...
gosub Posted May 5, 2008 Share Posted May 5, 2008 BobDThis is from the Tax FAQ's my bold and underline.Q I receive interest on savings that I have in the UK, do I need to declare this on my French tax return? A Yes. For interest from savings in the UK, or anywhere else in the world outside France. As you'll have gathered by now, start by entering your gross interest on form 2047, section IV. REVENUSDES VALEURS ET CAPITAUX MOBILIERS ET REVENUS ASSIMILÉS 2 - REVENUS DESVALEURS MOBILIÈRES ÉTRANGÈRES ET REVENUS ASSIMILÉS. Put the gross figure in Column 5 under Royaume Uni, then transfer the total across to box TS on the form 2042. You can now contact your UK bank/buildingsociety to ask them to pay your future interest gross. If they refuse,then you can claim a refund of the UK tax each year via HMRC. Link to comment Share on other sites More sharing options...
BobDee Posted May 5, 2008 Author Share Posted May 5, 2008 Thanks guys. All clearBobD Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.