UKresonant

Very short Maintenance period. Hope it will not cause anyone stress ( once done)

See VFS in Bangkok have moved... moved https://visa.vfsglobal.com/tha/en/gbr/news/important-update-uk-visa-application-centre-in-bangkok The Wife had to go to Bangkok to get her biometrics taken, (that was a few years ago). Seems to suggest that it can be done in Phuket, including biometrics, but extra 3800 baht premium application centre additional fee. fee. https://visa.vfsglobal.com/tha/en/gbr/attend-centre/phuket

Thould should balance with equal numbers of Grippen and F16, whilst trying to get some munitions cominality overlap, except air to air rounds perhaps. Can't understand why they ever wanted F35's, probably would not be value for money for Thailand, in all but very unlikely mission roles..high cost would result in low numbers and insufficient density should a need arise. They would be better with a sqn of new A10's to supplement the fighter / GR wings for ground attack and bulk munitions, patrol endurance capability They need to loose the new toy in the window analysis for purchases.

I've never filed a tax return with HMRC as I've always had an accounts dept. to sort all that. Asked if they wanted one when I done what was supposed to be a temporary early retirement about 6 years ago (no extra tax due), they said no, they can see everything on their screen! If it is not possible to obtain the required paper to satisfy RD, without undue complexity and or cost, it's a big oops from my point of view. (They have discontinued the non-O Multi from London again, though the e-Visa seems to work very efficiently, it's not the same as being able to plan a year, especially to optimize flight cost, which is much more now anyway. Rumours of much higher Visa prices, etc etc. If it were not for Family consideration, this whole subject would be just watched remotely with my popcorn!) But I do want to be prepared as far as possible just in case! HMRC might just say DTA article 23 3) applies, and the UK tax should tax credit against Thai Tax. If Thai RD want the tax, we would have to have a float fund of an entire year's tax whilst in a temporary double tax situation. I've only had one previous year that I was Thai tax Resident, so currently have all clean savings / income. So that gives me each year 60kTHB exempt pension (net), 60kTHB personal allowance, and 150k Zero and 150k at 5% say (small change tax), plus non-resident & pre2024 savings perhaps to avoid hassle. To cover max 9 months there.

Still have both as far as I know, ratio perhaps changed, and different tomorrow maybe ? Surely manned at the ones getting assistance.

Forrest Lee's chat with the Tax guy, on the YouTube link I posted earlier, seems to suggest that RD have the tools now. So the RD just have to take an interest, perhaps inbound transaction over whatever the current Threshold trigger is now (I think it was as low as 38k about 5 years ago), and you could be a random audit subject.

Thai RD would have to be involved if I had to attempt to try and claim any tax refund from UK HMRC, for the amount of Thai Tax. They would have to stamp/sign a DT-individual form at least Still hope for more clarity on what documentation Thai RD shall expect, whether practical approach or otherwise... The linked article on TieBreaker is interesting on habitual abode, is that purely the tax year or would it be like a few Years..

Info (not dividends or interest) on the theme, not conclusive perhaps. UK/THAILAND DOUBLE TAXATION CONVENTION SIGNED 18 FEBRUARY 1981 'Article 23 Elimination of Double Taxation.... '3) In the case of Thailand, United Kingdom tax payable in accordance with this Convention in respect of income from sources within the United Kingdom shall be allowed as a credit against Thai tax payable in respect of that income. The credit shall not, however, exceed that part of the Thai tax, as computed before the credit is given, which is appropriate to such item of income.' Can't claim relief at source on UK pension income taxation (except at their discretion), it does seem to suggest tax charged overseas may be able to be reclaimed on non Gov pensions perhaps. Double taxation agreements do not apply to tax on gains from https://www.gov.uk/capital-gains-tax-for-non-residents-uk-residential-property Still positive to Thailand, VAT at 7%(10% in Sept), very minor reinforcement of balance of payments / FX rate and GDP? 27th of June creeping ever closer, it was cold last night but I had a really good sleep.....

Some speculation, but scenario mentioned in the factual thread;- If you drive an overseas gain or dividend or income, whilst you are Thai Tax Resident 2024 and onwards, but then remit funds to Thailand in a following year whilst not Tax resident, how shall that be treated? Will the funds remitted in the non tax resident year represent any connection with the Thai Tax resident creation. If you then become tax resident again in the next again year, are the funds remitted in the non Thai resident year ignored, if you have to remit funds in the year when Tax resident again, then that will need to be on the tax return perhaps, until the assessable funds derived from that first year have been fully remitted and considered, as well as anything in the current Thai Resident year, and so on. Not really looking to explore the how would they know scenarios, in this hypothetical, but this vid may hint the could know if they wanted to, from banking activity;-

The 183 day thing can be more complicated, where the Thai Definition is the simple 180 Days or more (as far as i know) The Tax residency for the UK is not as simple as the Thai definition, I probably will always have at least two Ties in the UK, maybe three, maybe even 4 for short periods. The number of days an individual spends in the UK in a tax year dictates the number of ties that are needed to make them UK resident. The following tables set out the correlation between the 2. Table A: Ties required if individual was UK resident in 1 or more of the 3 tax years before the year under consideration Days spent in the UK in the tax year under consideration UK ties needed 16 - 45 At least 4 46 - 90 at least 3 91 - 120 At least 2 https://www.gov.uk/hmrc-internal-manuals/residence-domicile-and-remittance-basis/rdrm11520 Tie 1 The individual will have an accommodation tie for a tax year if they have a place to live in the UK and: It is available to them for a continuous period of 91 days or more during that tax year, and they spend 1 or more nights there during that year, or if it is the home of a close relative, they spend 16 or more nights there during the year Tie 2 The individual will have a 90 day tie for the tax year if they have spent more than 90 days in the UK in either or both of the previous 2 tax years immediately before the year under consideration. I'm a national of the UK, and it would be difficult to say in is not my centre of vital interest. 99.98% of income derived and always taxed at source there, without option to get a no tax code (where taxation is applicable at the UK end). Where as If I stay in Thailand more then 180days, and I might be able to stay in a house that I signed at the Thai Land office, that I had no connection with, on my essentially temporary permission to stay in Thailand. Yes Dual tax Resident, but Thailand may always wish primary taxing rights if over the 179 days, under DTA article 4. (Additionally the Tax years don't align)

In year assessable income from overseas has always been potentially taxable if brought in within the same year as earned. Whilst you are Thai tax resident. If you have brought in funds, during 2023from before, no worries. If you become Thai Tax resident this year, and have assessable earnings this year, they effectively tagged and go on the Tax assessment for the year you bring them, when ever that may be, this year or in the future. Savings before 1st Jan 2024, not a problem. Savings put aside when your not Thai tax resident, not relavant when you later bring them in, new arrivals perhaps better planning an only after 7th July as optimal for their initial funding. Probably better just preping for your 2024 return in 2025 Q1

Yeah, picking the slightly past midnight , rather than the late evening departure flight, can cost one of your 179 days of the non-resident year, then perhaps much more. Could a flight delay cost you a year of Tax theoretically . Unless you plan your last trip of the Tax year for December and stay for New Year. (oh maybe I'm thinking Globally 😊 )

Slightly of on a tangent;- If reclaiming Thai Tax from US Authorities, would Thai RD require a worldwide declaration to issue a Certificate of Residence' for the reclaim / offset with.US, for the likes of dividends. Not looking for an answer. Probably won't know till next year, just thinking out loud.

I think they can but, I don't think the can just give out information casually without going through a few processes, Data protection, there would be a cost to them doing it etc. I hope HMRC would not of the cuff give out any detail, as that would also be a security concern. Article 4 of the double tax treaty, deciding where you are tax resident, 'fiscal domicile' the final stage is to be ; by agreement between the tax authorities. Exact process and levels of detail I do not know.....

Links I mentioned previously See page 34 Thailand OTHER PENSIONS / ANNUITIES = No relief (See Note 4) https://assets.publishing.service.gov.uk/media/5b05425fed915d1317445ed2/DT_Digest_April_2018.pdf https://www.gov.uk/hmrc-internal-manuals/paye-manual/paye81030 No relief No exemption from UK income tax can be applied to the income concerned. It will remain liable to UK tax at the appropriate rates. Page 7. "HM Revenue and Customs (HMRC) publishes the Digest of Double Taxation Treaties (the DT Digest) which contains a summary of the relief available under each DT treaty." https://assets.publishing.service.gov.uk/media/637e192f8fa8f56eabf75e5b/Double_Taxation_Treaty_Relief_Form_DT-Individual.pdf Annuities and other than Gov pensions do not have a specific article in;- https://assets.publishing.service.gov.uk/media/5a80bddc40f0b623026953eb/uk-thailand-dtc180281_-_in_force.pdf It does have Article 23 (3) You retain your UK personal allowance in the UK if you are a British citizen (along with others noted), in relation to UK tax.

The fact that you have been in Thailand so long they may allow that (no deduction at source), under their discretionary authority you could be non domicile. If you google search HMRC form 'DT-Individual', it appears that they don't perhaps do that for Thailand. Read it in conjuction with the double taxation treaty digest 2018. (I'm just on the phone so don't have the links to attach till home and on the PC.) Some years ago, when I took a few of my early pension benefits, I was not tax resident in Thailand, so as to avoid any issues. This would be a good subject to inject into one of current Tax threads.

Well one thing you will have to consider is if it is conventional Annuity, purchased from a money purchase pension fund, is that the UK tax free lump sum oprtion, may not be tax free if you are Thai Tax resident, and you send it to Thailand. Most UK annuities, SIPP drawdown, etc are taxed at source in the UK. If you are buying an annuity with a pile of cash that's different as the monthly payment will have a return of capital element and a taxable income element. Not a simple yes no answer. Super caution if you are tempted to transfer to an overseas provider, slightest discrepancy and a 55% tax charge could be made.

Very Generally Isolate you pre-2024 savings perhaps , as they are not assesable in future years. Government Pensions are not taxable in Thailand (like civil service or military or local authority) Most things that you generate overseas, including interest on pre-2024 savings, whilst you are Thai Tax Resident will be tax assessable, and may require a return filed, the bit you bring in is relavant to be taxed. Unrelised gains are not taxable, but Dividends most likely are, if remitted, whilst Tax resident. Each person gets 60kTHB personal allowance. The extra substantial allowance of 190000baht kicks in at 65! (I've a while to go Depends on how you can structure what is brought in to Thailand. (I'm in Fife currently)

If UK pensions? Government / Military pensions only taxable in the UK under the UK Thai DTA (unless you have Thai Nationality) check they are on the list https://www.gov.uk/hmrc-internal-manuals/international-manual/intm343000 https://www.gov.uk/hmrc-internal-manuals/international-manual/intm343040 State NI and Private pensions are not in the DTA, but if the private pension is taxed already in the UK under PAYE probably not much of an issue.

Change effective 1st Jan 2024. If less than cumulative 180Days same as before, not tax resident, in respect to overseas income. If over 179 Days in Thailand Pre2024 savings brought to Thailand from legit source no problem, keep your records though. Overseas Income etc when less than 180 days in TH, ok Income anywhere 2024 onwards, when you are tax resident in TH, when you remit to Thailand any time 2024 or later may be taxed. Lots of DTA, whether assessable catagory etc etc. and detail to consider....

Last year I just did a Hotel Booking, as they suggested, the first few days would suffice. Agoda booking. (I've always had a return ticket. But often thought, if you have enough points an airline award ticket could be useful for one way, and just refert the points and booking later...

Will new DWP power to scan Bank accounts affect UK State pensioners and bank accounts of anyone linked to you, what ever that turns out to mean? (Civil servant and minister not on the same page apparently.) First 20 seconds and from time 5:20 may be of particular interest, to potential and current state pensioners perhaps...

Don't think it would matter for moving 400k thb, (will you be waiting till after 6th July to stay non tax resident this calendar year..) I think if you move regular monthly amounts, could anticipate lots of niggling little complications. (Not sure what IOs may think, nor where they recieve their financial training )

If there is no gain so I can't see anything assessable. (Only reason would to be to match the loss against a gain, don't know if that's even relavant in the Thai tax code)

Sounds good, £1000 + for SE non-O, so £10k in UK bank ideal for application. The 400k needs to be in the Thai Bank 2 months before the extension application. The have modified the e-visa for the TR so don't know if the non-O bit has changed as 9 months since I did one...... Best getting the visa soon as roumors of a bit of a price increase maybe 19 Mar. (Did she give you and email noting she is aware of, invites your visit. Copy of marraige cert, copy of ID or Thai passport. Though I don't know if the supporting docs fields are still the same)