Ah, there it is! In a quite different thread to this one with the question of exempt income. How I love SF’s cataloguing system…
And I used the wonderful search facility, not so well obviously.
Ah, there it is! In a quite different thread to this one with the question of exempt income. How I love SF’s cataloguing system…
And I used the wonderful search facility, not so well obviously.
I stubbornly refuse to use AI systems such as ChatGTP because of the accuracy problems. A good few lawyers in the US have been sanctioned for submitting AI-generated briefs to court that refer to non-existent legal decisions. I use Google for research and then go directly to the websites of reliable sources of information. AI has a long way to go before it becomes a viable tool.
I see you’re discussing foreign interest in 2047 again. I think we discussed this last year and if I remember rightly we never fully arrived at a conclusion except that ultimately the figure should end up in 2TR.
In my case I have some untaxed interest from UK and Germany.
232, 250 or ?
OK, thanks to both of you.
So not necessary to mention the country / countries of source of the interest?
No probs. Doesn’t seem necessary to mention source - it’s irrelevant surely, all countries taxed at same rate! Just to check, you haven’t encountered a box in the 2047 asking for that info?
Box 232 to indicate the country appears under
“Intérêts ouvrant droit à un crédit d’impôt égal à l’impôt payé à l’étranger”.
So since UK bank interest doesn’t attract a tax credit, there is no need to indicate the country.
I’m working my way through this and I’ve seen different advice on the exchange rate to be used with some saying to use the rate on the day of receipt and others to use an average.
Because I’ve been keeping track of things, I have the Banque de France rate for each receipt so I was using that but then the local tax office published a rate of 1.17254. However, if I use that then the Euro number is significantly higher than that derived from the daily exchange rate. Normally not the end of the world perhaps but I need to include my pension lump sum so it could be dramatic.
I’m guessing there’s not a hard and fast rule on this, is there?
I’m trying to work out which box (8TV, 8TH or 8TX) I use to declare UK private pension income when I don’t have an S1. I found the above (thank you!!) but, tbh, I don’t understand it what it’s trying to tell me. Is it saying that the rate of CSG depends on previous year’s declared earnings?
My last year’s RFR was €1265 so with 2 familial parts I reckon that means I’m exonerated. So, do I not put an amount in any box? (Other than on form 2047 where I actually declare the income)
That is the perfect example of when you should (strictly ‘must’) use the actual rate on the day of receipt.
If you have recorded actual rates for each regular, recurring receipt, that is actually textbook usage, so feel free to use them.. For regular recurring items, then an average is almost always ‘tolerated’ by the Impôts for those that have not kept precise records on the date of each receipt.
Thanks, that’s what I thought but I was expecting to pay at least something.
Hi, sorry late reply, been travelling, I see @George1 helped out, and I agree with him. Though do you mean an RFR of 12K or just the pension of 1265 - RFR 1265 seems a bit low, 100€ a month…
Having had the annual household argument yesterday - during our online return
, it was the first time for me to declare my overseas pension and pay CSG/CRDS/CASA. We entered my pension income and of course it spat out an upsetting amount i would be expected to pay Lol. Having read this thread today, we re read the document and concluded that i was actually exonerated based on the 2023 RFR. Thank you all, I am a happy bunny and the other half has accepted his need for me to pay quite a lot was actually incorrect
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In fact, last year’s RFR was higher than normal! We live off savings (maxed out French LEPs etc) and have negligible actual income. Indeed, impots wrote to us earlier this year to ask if we had (undeclared) UK state pensions (they like to call them “< old age pensions >” ) or the like.
I was forced to agree that, although unintentionally, I had avoided CRDS for the 2 years '23 and '24, and have been told that I will be billed in July, my own estimate for those 2 years could come to over € 1,600.
A big shock when the last time anything was demanded was €79 in 2016.
Can you tell us what you inadvertently did that was NOT actually correct?
No probs if it is too private to share. ![]()
Well, according to them, although I did declare approximately the right amount (approx due to different exchange rates), I did it on the wrong paper and the box codes they gave me as correct, I couldn’t find anyway. (and btw, they and the local tax office do not agree on the box numbers, resulting in different advice)
Funny though that they had worked out the amounts but had not bothered to demand the appropriate payment. Instead they accused me of accepting the wonderful French health service but had chosen not to contribute to it. They also hinted that I hadn’t paid for years but were unable by law to claim before '23. The whole thing made me quite angry which is why it went on longer than it might have done. And now I am in limbo 'till July after finally being ready to pay immediately.
Ah.. I thought that one is not charged CRDS if one is affiliated to UK Health Service with UK S1.
I don’t think we get charged.. but now you’ve got me worrying. ![]()