Re: Leaving the UK - P85 or Self Assessment Tax Return?

[anon2018 5]

Hi everyone,

Was just reading the thread 'things you need to do when leaving the UK' and thought my question warranted its own thread -

I am currently self employed (own business) AND am also employed separately with a second part time job. Do I still need to do a P85? Would that just be for the part time job? As the self-assessment tax return is for my self-employment...

Thanks for any help here!

[Carl&Ellie 10]

Hi jgadsby,

I'm in a similar situation to you - I'm due to leave for the US next month and I'm currently winding up my business in the UK. I'll be doing self-assessment and limited company tax returns, and I didn't think I needed to do the P85 form, but my accountant advised otherwise.

I'm confused because the notes on the form say "Do NOT fill this form in... if you have completed, or are required to complete a Self Assessment tax return for the tax year that you leave".

However, the accountant said to fill it in and return it to him anyway, because it allows me to declare ongoing UK income from renting property and dividends, which would not be included on this year's self assessment.

Hope that helps a little!

Good luck!

[Collie 122]

I have no idea about UK taxes as I don't think I ever had to file anything there as I moved shortly after graduating from uni, but my Dad is self employed and my Mum is employed by a company. What steps do they need to take to wrap up their tax situation before moving state-side? Until I seen your thread here, it never even crossed my mind about taxes.

[Carl&Ellie 10]

Hi Collie,

HM Revenue and customs have all the information here http://www.hmrc.gov.uk/international/leave-uk.htm

Form P85 allows you to notify the tax man that you are leaving the UK, and to reclaim any tax due if you have overpaid through your job. You can also declare if you still have income from the UK, e.g. from pensions or property investment.

It's also important for your parents to think about whether they need to continue or top up National Insurance contributions if they are close to retirement, as there are implications for the state pension.