New tax year tips for expats leaving the UK
By Will Grahame-Clarke, 10 Apr 18
The UK tax year has only just started but it is never too early to get into good habits, according to accountants Blick Rothenberg – especially if you are leaving the UK.
If you are leaving the UK to work overseas, don’t forget to complete Form P85 and send this to HM Revenue & Customs.
The form notifies HMRC of your departure and enables you to reclaim any over withheld tax.
Over withholding can often occur in the ‘departure year’ due to the fact that PAYE (pay as you earn) withholding rates each month are based on the assumption that you will be resident in the UK for the entire tax year.
Tags: Blick Rothenberg | Expat | HMRC
