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International Tax clarification UK.

569 views 1 replies

steven

manager

68 Points Posted on 26 February 2026

Hi all , Need an advice for a freind who has migrated to UK .

Got a notice for reconcillation of the tax amount for the assets/offshore/overseas.

notice issued by the UK tax authorities -
Information
1 Staying there on PR .
2 some savings account and fd in indian banks while working as NRI before migration .
3Have not invested any amount from uk to india from earning in UK.
4)No invetment assets/ofshore accounts. basic salary and working there .

In notice mentioned that amount are taxable under UK tax laws for the assets or investement .

Any advice would be thankful for your help

Thanks in advance.

Replies (1)

Aashok F C Advisory

Finance & Compliance Consultant | FP

362 Points Posted on 26 February 2026

Your friend likely received the notice because UK tax authorities received data about their Indian bank interest via international sharing agreements. As a UK resident, they are generally liable for UK tax on all worldwide interest, even if the principal was earned before moving. They should calculate the interest earned specifically since their arrival date and seek professional help to respond to HMRC accurately to minimize penalties.