I have already declared the earnings to the Inland Revenue. It now occurs to me that although the cheque is drawn on a UK bank the company is based in Canada. Does this make a difference?
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July 15th, 2010 at 8:36 am
No. If you are a UK resident you pay tax on ALL of your earnings, wherever they come from. Of course, if they have been taxed already in the country they originated, and if we have a double taxation agreement with that country you don’t have to pay twice.
July 15th, 2010 at 8:36 am
If you are Uk resident, then you are liable to tax on your worldwide earnings.