2023/24 UK TAX RETURN QUESTIONNAIRE

Category:	Fee:
Simple – from	£525 + VAT
Intermediate – from	£750 + VAT
Standard – from	£975 + VAT
Complex – from	£1,775 + VAT

The deadline for the 2023/24 Tax Return is 31st January 2025 if filed electronically and the paper filing deadline is 31st October 2024. Late submission will incur a minimum penalty of £100 even if there is a refund due.

Complete the questionnaire as accurately as possible. Ensure that you indicate the currency used where possible. Upload any supporting documentation and provide additional notes in Section 15. When complete, click Submit in Section 16.

1

IMPORTANT: Virtual currency – Deemed Remittance

“Cryptoassets” (e.g. Bitcoin) are considered as UK situs assets for tax purposes. This means that the remittance basis would not apply and purchasing these investments could be considered as a deemed remittance if purchased with offshore funds. If you own Virtual Currency, raise this with your usual PJD consultant. More information can be found here.

2.1

Changes to UK Non-Dom Status

The recent budget abolished the remittance basis charge and is set to be replaced with the Foreign Income and Gains regime (FIG). The regime will take effect from the 6th April 2025 and states that individuals arriving in the UK after this date will not be subject to tax on their FIG for the first 4 years of residency, during this period the FIG earned can brought into the UK tax free – though this is yet to be finalized.

There are transitional rules that will take effect for those that straddle the 6th April 2025 and have not yet been in the UK for their first 4 years. These changes are new and complex so it is best to consult your tax advisor as to how this may affect you.

2.2

Furnished Holiday Lets (FHL)

In accordance with the recently published Spring budget FHLs have been abolished from 6th April 2025.

2.3

Partnership Basis Period Reform

From 6th April 2024, a new “tax year basis” of assessment applies to trading profits of sole traders and partners. Essentially, profits arising in the tax year will be taxed regardless of their accounting period and date. This will replace the “current year” basis rules. Note: 2023/24 is a transitional year for this change and you should consult your advisor if this is to impact you.

2.4

Tax Rate Band Adjustments

From the 6th April 2023 onwards, the additional tax rate band of 45% has been lowered from £150,000 to £125,140. This change will affect England, Wales & Northern Ireland.

For Scottish Rate Taxpayers, the higher rate threshold has also been reduced to £125,150 with the rate increasing to 42%. The top rate has also been increased to 47%.

2.5

Dividend Allowance

The dividend allowance previously stood at £2,000 for 2022/23. This has been cut down to £1,000 for 2023/24 and it will be cut down further to £500 for 2024/25 onwards.

2.6

Pensions

To encourage pension contributions the following changes have been introduced and these are in effect for 2023/24.

The annual pension allowance has been increased from £40,000 to £60,000.
The minimum reduced annual allowance has increased from £4,000 to £10,000 for 2023/24.
Lifetime allowance of £1.07m will be scrapped from 6th April 2024. Therefore, regardless of your pension value you can will be able to make unlimited contributions without incurring a tax charge.

2.7

Self-Assessment Filing Criteria (PAYE only)

From 6th April 2023, the self-assessment filing threshold has been raised from £100,000 to £150,000. This threshold will be removed entirely starting 6th April 2024, therefore income of more than £150,000 taxed through PAYE, will not give you a requirement to file a Self-Assessment tax return.

Each case should be checked in it’s own merit however as there are several other reasons you may need or want to file.

3

Capital Gains

3.1

Capital Gains Annual Exemption

The annual exemption previously stood at £12,300 for 2022/23. This has been cut down to £6,000 for 2023/24 and it will be cut down further to £3,300 for 2024/25 onwards

3.2

Capital Loss Election

If you are a non-domiciled individual in the UK and claim the remittance basis, you may be able to elect to receive tax relief for capital losses on disposals of any overseas assets. The default position is that remittance basis users cannot use their foreign capital losses in the UK but making a capital loss election would allow you to do so. There are strict rules as to the order in which these can be applied, timing is also important, and the election is irrevocable.

Consult your usual tax advisor for more details if you are considering making this election.

4

529 Plan

There are adverse tax consequences for UK taxpayers who are owners or beneficiaries of 529 plans. There can be a “dry” tax charge on the underlying investments because these are not exempt from UK tax. If you think you may be affected by this, consult your regular PJD advisor.

8

Yearly average exchange rates

USD - 1.2529
EUR - 1.1543
CHF - 1.1117
CAN - 1.6896
SGD - 1.6844
HKD - 9.8033

If you believe that any of the above topics may affect you, we recommend consulting your regular PJD Tax representative who will provide you with further information.

Personal details:

First name:
Last name:
Address:

Are you a politically exposed person?

(For the applicable criteria refer here)

YesNo

Are you a Scottish Resident? If yes, ensure your address details are updated.

YesNo

Are your personal details the same as last year’s questionnaire?

YesNo

Email address:
Mobile phone:
Marital status:
Date of birth:
National insurance number:
Unique taxpayer reference:
Date of arrival in the UK:
Date of departure from UK:

Would you like us to request agent authorisation to correspond with HMRC on your behalf?

YesNo

Would you like an invitation to share your documentation via our secure portal?

YesNo

Have you previously been a UK resident?

YesNo

Date UK residence began:	Date UK residence ended:

Are you a new client?

YesNo

How did you hear about PJD Tax?

SmartSearch Agreement:

We are in the process of updating our KYC information for all new and existing clients. If you have not done so already, please sign our agreement to allow us to complete this process. You can download the document here.

Have you signed the agreement?

YesNo

Refund details:

If you are due a refund of tax, the fastest way to receive it is directly into your UK bank account (this includes Isle of Man and Channel Island accounts). Please fill in the boxes below with your details:

Name of bank:	Name of account holder(s):	Sort code (6 digits):	Account number (8 digits):

Did you arrive or depart from the UK in 2023/24?

YesNo

There is an interactive calendar found here to assist with the completion of this.

Number of days/workdays spent in the UK in 2023/24:	Days:	Workdays:
A UK day is a day where you are present in the UK at midnight. A UK workday is a day where you work for more than 3 hours in the UK.

Did you have a home overseas in 2023/24?

YesNo

Were you resident in the UK for one or more of the previous three tax years?

YesNo

Did you depart from the UK in 2023/24?

YesNo

1

What date did you begin full-time employment overseas?:

(If your spouse works overseas please also confirm the date they began their employment).

2

On what date did you cease to have a home in the UK?:

Did you arrive in the UK in 2023/24?

YesNo

1

On what date did you cease to have a home overseas?:

2

On what date did you begin to have a home in the UK?:

3

When did you begin full time employment in the UK?:

4

When did you cease full-time overseas employment?:

(If your spouse worked overseas please confirm the date they ceased their employment)

Be advised that we may need to request further details from you if we are unable to determine your residency status from the information you have provided above.

Did you receive employment income in 2023/24?

YesNo

Note this section is not relevant if you are self-employed or a partner, please see sections 6 & 7 respectively.

		Employer 1:
Employer name:
Date started:
Date ended:

If you answer ‘yes’ to any of the following items, provide the relevant supporting documentation in Section 15:

7

Did you have any employment related relocation expenses in 2023/24?

YesNo

If you received a reimbursement from your employer to cover relocation expenses, detail this below:

Expense description	Amount

8

Are you on secondment to the UK for less than 2 years?

YesNo

9

Did you work any days in the US?

YesNo

If so, complete our Online Workday Calendar as accurately as possible. When marking workdays, ensure that you include any weekends worked and specify the US State you were located in. You should also indicate for each workday if you were working in the US, the UK or another foreign country.

Temporary living expenses:

If you are on a UK secondment from your regular employer for a period of up to 2 years, a tax deduction may be claimed for expenses incurred for living away from home. If applicable, provide details of your UK living costs.

Expense description	Amount

Did you have employment income from another employer in 2023/24

YesNo

		Employer 2:
Employer name:
Date started:
Date ended:

If you answer ‘yes’ to any of the following items, provide the relevant supporting documentation in Section 15:

7

Did you have any employment related relocation expenses in 2023/24?

YesNo

If you received a reimbursement from your employer to cover relocation expenses, please detail this below:

Expense description	Amount

8

Are you on secondment to the UK for less than 2 years?

YesNo

Temporary living expenses:

If you are on a UK secondment from your regular employer for a period of up to 2 years, a tax deduction may be claimed for expenses incurred for living away from home. If applicable, provide details of your UK living costs.

Expense description	Amount

Note this section is not relevant if you are self-employed or a partner, see sections 6 & 7 respectively.

Are you domiciled outside of the UK?

A definition for domicile can be found here

YesNo

It is possible to claim tax relief for days worked outside of the UK in your first three years of UK residence. If you arrived in the UK after 5th April 2021, complete the following section.

1

Did you have three consecutive years of non-residence in the UK prior to your year of arrival?

YesNo

2

Was any part of your 2023/24 salary, bonus or share award paid and retained outside the UK?

YesNo

You will not qualify for overseas workday relief.

With regards to the offshore account into which your earnings were paid:

3

Does the account receive any income or capital gains from sources other than your employment income?

YesNo

4

Did the account receive income from more than one employment?

YesNo

5

If held jointly, did the other holder receive income to this account?

YesNo

If you answered yes to any of the above, then your account will have received a “prohibited sum”. However, if the account has only received prohibited sums on two separate occasions and the amounts were removed within 30 days of the deposit, select “NO” to the questions above:

6

Did the account contain more than £10 immediately prior to the first payment relating to earnings that qualify for overseas workday relief?

YesNo

7

Has the account previously contained amounts relating to overseas workday deduction from a year prior to 6th April 2014?

YesNo

Complete the interactive calendar found here and provide details of the offshore account into which your earnings were paid.

Name of bank:
Name of account holder(s):
Sort code (6 digits):
Account number (8 digits):
Earnings retained offshore:

See our website article for more information on this topic
https://pjdtax.co.uk/updates/post/overseas-workday-relief

Did you have income from self-employment in 2023/24?

YesNo

1

When did the self employment start?

Date:

2

When did the self employment cease? (if applicable)

Date:

3

End of accounting period (if applicable):

Date:

4

Confirm registered for VAT (and date):

Confirm:

Date:

5

Description of business:

If you were self-employed during 2023/24, please provide details below:

Income:

Expenses:
Cost of goods bought:
Car and travel costs:
Wages, salaries, staff costs:
Rent, rates and insurance costs:
Repairs and renewals:
Accountancy, legal & professional fees:
Interest, bank & financial charges:
Telephone, fax & stationery:
Other self-employment related expenses:	Amount:

Did you receive partnership income in 2023/24?

YesNo

If you are a partner in a UK or foreign partnership, provide the following information:

Partnership name:
Date you became a partner:
The partnership’s financial year end:
Country of organisation:
Partnership UTR (UK only):

For UK Partnerships – Provide a copy of the 2023/24 Partnership Tax Return and a copy of your partnership strip detailing your share of the income.
If 2023/24 is the first year of partnership, provide details of partnership income from the date you joined the partnership to 5th April 2024.
If 2023/24 is the last year you were in partnership, provide details of partnership income to date left.
Foreign partnerships – We will be in contact for more information.

We stress that you are not able to claim any personal or business related expenses against your partnership income. If you wish to receive a tax deduction for these expenses, they must be passed through the partnership, thus ensuring that they are reflected in your share of the reported partnership profits.

Carried interest:

This is applicable to employees/partners of private equity or hedge funds. Carried interest is a share of the funds annual profits, after the investors are allocated their returns.

1

Did you receive any carried interest in 2023/24?

YesNo

2

Will your employer be providing additional information for reporting this income on your tax return?

YesNo

3

Did you, or do you intend, to remit any carried interest distributions to the UK?

YesNo

Indicate if you received any foreign income & gains in 2023/24 which may include (but is not limited to):

Interest, dividends, capital gains or rental income:

YesNo

Virtual currency (e.g. Bitcoin, Ethereum, etc.):

YesNo

Non-UK pension Income (including social security benefits):

YesNo

Other income (e.g. royalties, gains from disposal of live insurance policies)

YesNo

Have you, or do you intend to remit this income to the UK?

YesNo

Are you an owner or beneficiary of any 529 Plans?

YesNo

If yes, consult with your tax advisor

If you are not domiciled in the UK, you have the option to claim the remittance basis, meaning you are not required to report your foreign income on your UK tax return if it has remained outside of the UK.

Claiming the remittance basis in the first seven years of UK residence will not incur a charge but you will lose your entitlement to the personal tax-free allowance (you may already have lost this if you earn over £125,140).
Your tax position becomes more complicated after the first seven years. If you continue to claim the remittance basis in your 8th year, there is a surcharge of £30,000, which increases to £60,000 once you have been resident for 12 out of the previous 14 tax years.
If you remitted any foreign income to the UK, then let us know as this will require further analysis.

Do you intend to make the Remittance Basis election for 2023/24?

YesNo

When did you first arrive to the UK?

Follow the below links to our website for articles on the above topics:
https://pjdtax.co.uk/updates/arising-basis-vs-remittance-basis
https://pjdtax.co.uk/updates/non-reporting-funds

Did you receive any sources of investment income in 2023/24? (e.g. interest, dividends or capital gains)

YesNo

If you are providing us with statements covering the 2023/24 tax year, you do not need to fill in all the details below. You should also include any Excess Reportable Income (ERI) statements.

Will you be attaching statements covering the 2023/24 UK tax year showing all investment income?

YesNo

It is only necessary to provide details below if it is not supported by the statements provided

Did you receive interest income?

YesNo

Indicate that you have provided your share of the interests:

Yes

Account / asset:	Joint? Y / N:	Currency:	Gross interest:	Tax:

Did you receive dividend income? (including reinvested dividends)

YesNo

Indicate that you have provided your share of the dividends only:

Yes

Company:	Currency:	Dividend:	Tax:

Did you dispose of any assets in 2023/24?

YesNo

If you disposed of any assets during the year ended 5th April 2024, provide following details. This includes shares and securities, traded options and currency transactions including offshore currency loans.

Asset description:	CUSIP / ISIN*:	Currency:	Date acquired:	Cost:	Date sold:	Proceeds:

* Fund investments will have an identifying code also known as a CUSIP OR ISIN. We will need this to check whether the fund is on the UK reporting list and will ultimately determine the treatment of any gain/loss. These can be found on the brokerage statements.

Did you receive rental income during 2023/24?

YesNo

Address of Property 1:

Tick if jointly owned:
Tick if data provided is your share only:
Name of joint-owner if applicable:
Date property first available for rent:
Date property ceased to be available for rent:
How many days did you occupy the property during the year?

Income:
Rent:
Expenses:
Ground rent, rates, insurance:
Property repairs, maintenance & renewals:
Mortgage interest only**:
Other financial costs:
Legal, management & other professional fees:
Costs of services provided, including wages:
Cost incurred of furniture and appliances replaced:
Other expenses:

** Here is a link to our website with a useful article on changes to the taxation of residential landlords

Did you receive rental income from another property in 2023/24?

YesNo

Address of Property 2:

Tick if jointly owned:
Tick if data provided is your share only:
Name of joint-owner if applicable:
Date property first available for rent:
Date property ceased to be available for rent:
How many days did you occupy the property during the year?

Income:
Rent:
Expenses:
Ground rent, rates, insurance:
Property repairs, maintenance & renewals:
Mortgage interest only**:
Other financial costs:
Legal, management & other professional fees:
Costs of services provided, including wages:
Cost incurred of furniture and appliances replaced:
Other expenses:

** Here is a link to our website with a useful article on changes to the taxation of residential landlords

Did you receive rental income from another property in 2023/24?

YesNo

Address of Property 3:

Tick if jointly owned:
Tick if data provided is your share only:
Name of joint-owner if applicable:
Date property first available for rent:
Date property ceased to be available for rent:
How many days did you occupy the property during the year?

Income:
Rent:
Expenses:
Ground rent, rates, insurance:
Property repairs, maintenance & renewals:
Mortgage interest only**:
Other financial costs:
Legal, management & other professional fees:
Costs of services provided, including wages:
Cost incurred of furniture and appliances replaced:
Other expenses:

** Here is a link to our website with a useful article on changes to the taxation of residential landlords

Did you receive rental income from another property in 2023/24?

YesNo

Address of Property 4:

Tick if jointly owned:
Tick if data provided is your share only:
Name of joint-owner if applicable:
Date property first available for rent:
Date property ceased to be available for rent:
How many days did you occupy the property during the year?

Income:
Rent:
Expenses:
Ground rent, rates, insurance:
Property repairs, maintenance & renewals:
Mortgage interest only**:
Other financial costs:
Legal, management & other professional fees:
Costs of services provided, including wages:
Cost incurred of furniture and appliances replaced:
Other expenses:

** Here is a link to our website with a useful article on changes to the taxation of residential landlords

Did you sell a residential property (e.g. main residence or rental) in 2023/24?

YesNo

Property address:

Date of purchase:		Date of sale:
Purchase price:		Sale proceeds:

If you made any capital improvements, complete the below:

If you lived in the property as your only or main dwelling at any time during the period of ownership, part or all of the gain may not be liable to UK capital gains tax.

Show below the periods that you occupied the property and the periods it was available to rent or vacant:

Select status:
Select status:
Select status:
Select status:
Select status:
Select status:

Were you a member of a UK or overseas pension scheme in 2023/24?

YesNo

Pension contributions made directly from gross income, often via payroll, will not be eligible for further tax relief.
Tax relief for contributions made to a personal pension scheme are claimed via a self-assessment tax return. Provide details below of all pension contributions to determine your eligibility for tax relief in 2023/24.

Did you contribute to a personal pension scheme in 2023/24?

YesNo

Confirm your first year of membership to a UK pension scheme:

Year:	2023 / 2024:	2022 / 2023:	2021 / 2022:	2020 / 2021:
UK Company pension schemes:
Employer contributions:
Employee contributions:
Total contributions:
Personal pension schemes (include Group personal pension plans here):
Employer contributions:
Employee contributions:
Total contributions:
Offshore pension schemes:
Employer contributions:
Employee contributions:
Total contributions:

Did you contribute to an overseas pension scheme in 2023/24?

YesNo

Is this an employer sponsored scheme?

YesNo

Please confirm the date that you joined this scheme:

Were you contributing to this scheme prior to arrival in the UK?

YesNo

Did you continue to contribute after you became UK resident?

YesNo

Was your pension manager aware that you will be contributing to your overseas pension from the UK and therefore, claiming migrant member relief?

YesNo

In 2023/24, did you or your spouse receive child benefit and did either of you earn more than £50,000?

YesNo

Amount of Child Benefit you or your partner received in 2023/24:

Confirm the higher income earner:

YouPartner

Did you receive other sources of income (e.g. pensions, taxable state benefits, life insurance gain, etc.)?

YesNo

Pensions:	Gross amount:	Tax deducted:	Currency:



Taxable state benefits:	Gross amount:	Tax deducted:	Currency:



Other income:	Gross amount:	Tax deducted:	Currency:

Did you make a donation to a UK registered charity in 2023/24?

YesNo

It is only possible to claim gift relief if you have donated to a UK registered charity under the Gift Aid Scheme

Contributions made through payroll will not be eligible for further relief

Name of charity:	Donation (£) – Net:	Donation (£) – Gross:

Other tax reliefs:

Indicate below if you have made any of the following investments or payments that may qualify for tax relief.
Note that it is only possible to claim tax relief for subscriptions for shares in Venture Capital Trust Companies and Enterprise Investment Schemes (& SEIS) with a certificate.

Attach the relevant certificates if you have ticked yes to any of the below.

Please use this area to upload files for submitting with this form (allowed file types: jpg, jpeg, png, gif, pdf, docx, doc, xls, xlsx, eml, msg, zip; file size limit is 35Mb for all files):

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Use this space to add on to any sections where you did not have enough room, or attach further pages if necessary.

Provide your email address below to receive confirmation of your submission.

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Team JM

John McLaughlin – 020 3861 2951
john@pjdtax.co.uk

Urooj Sheikh – 020 3861 2966
urooj@pjdtax.co.uk

Riyazul Islam – 020 3861 2973
riyazul@pjdtax.co.uk

Jelina Maharjan – 020 3861 2946
jelina@pjdtax.co.uk

Tan Hallam – 020 3861 2975
tan@pjdtax.co.uk

Vahini Kohulathasan – 020 3861 2971
vahini@pjdtax.co.uk

Anoth Baskaran – 020 3861 2964
anoth@pjdtax.co.uk

Team AJ

Andrew Jones – 020 3861 2943
andrew@pjdtax.co.uk

Thomas Cheung – 020 3861 2956
thomas@pjdtax.co.uk

Arun Sharma – 020 3861 2967
arun@pjdtax.co.uk

Kamran Uddin – 020 3861 2970
kamran@pjdtax.co.uk

Sruti Agarwal – 020 3861 2974
sruti@pjdtax.co.uk

Team MP

Michèle Pizzey – 020 3861 2942
michele@pjdtax.co.uk

Daby Miranda – 020 3861 2955
daby@pjdtax.co.uk

Amy Kasemsuk – 020 3861 2952
amy@pjdtax.co.uk

Adonis Ushendibaba – 020 3861 2960
adonis@pjdtax.co.uk

Harnoor Singh – 020 3861 2977
harnoor@pjdtax.co.uk

Chanosan Sivaloganathan – 020 3861 2958
chanosan@pjdtax.co.uk

Ankita Mathurvaishya – 020 3861 2963
ankita@pjdtax.co.uk

Khush Shah – 020 3861 2959
khush@pjdtax.co.uk

Team PD

Paul Devonshire – 020 3861 2941
paul@pjdtax.co.uk

Bonnetta Brady – 020 3861 2945
bonnetta@pjdtax.co.uk

Anusa Sivayoganathan – 020 3861 2947
anusa@pjdtax.co.uk

Michelle Neckles-Simpson – 020 3861 2954
michelle@pjdtax.co.uk

Elif Buyuk – 020 3861 2968
elif@pjdtax.co.uk

Ashish Shrestha – 020 3861 2972
ashish@pjdtax.co.uk

Luke Gowthorpe – 020 3861 2950
luke@pjdtax.co.uk

Team WW

Warwick Wilson – 020 3861 2944
warwick@pjdtax.co.uk

Omar Hussain – 020 3861 2948
omar@pjdtax.co.uk

Maira Atif – 020 3861 2965
maira@pjdtax.co.uk

Jack Turner – 020 3861 2962
jack@pjdtax.co.uk

Daniella Ekwedike – 020 3861 2969
daniella@pjdtax.co.uk

Anam Akhter – 020 3861 2953
anam@pjdtax.co.uk