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Tax return

Posted: Mon Dec 26, 2022 7:17am
8 replies262 views3 members subscribed
Jan56

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Does anyone know  as a spanish resident.  on UK state pension I submit a tax return yearly.I have been told that I dont need to do this after I submitted  my first .my accountant charges me yearly .

PeterC

Posted: Mon Dec 26, 2022 8:43am

PeterC

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Posted: Mon Dec 26, 2022 8:43am

You can be fined for not submitting a return, even if it is a ‘nil’ one.

Those words again - “I’ve been told”.

Jan56

Posted: Mon Dec 26, 2022 9:30am

Jan56

Original Poster

Posts: 94

15 helpful points

Location: Camposol

Joined: 31 Oct 2017

Posted: Mon Dec 26, 2022 9:30am

PeterC wrote on Mon Dec 26, 2022 8:43am:

You can be fined for not submitting a return, even if it is a ‘nil’ one.

Those words again - “I’ve been told”.

Thankyou Peter 

PeterC

Posted: Mon Dec 26, 2022 10:27am

PeterC

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Posted: Mon Dec 26, 2022 10:27am

You have until the 1st of June next year before the portal opens to submit returns for 2022. If your affairs are straightforward, collate your income in each category - pension (separate if any is a Crown pension) bank interest etc, then do your own return just as you would a self-assessment in the UK.

It takes about ten minutes to fill in the form on the helpful tax website, using your copy of your last return as a guide. Cost? Nothing.

Jan56

Posted: Mon Dec 26, 2022 1:06pm

Jan56

Original Poster

Posts: 94

15 helpful points

Location: Camposol

Joined: 31 Oct 2017

Posted: Mon Dec 26, 2022 1:06pm

PeterC wrote on Mon Dec 26, 2022 10:27am:

You have until the 1st of June next year before the portal opens to submit returns for 2022. If your affairs are straightforward, collate your income in each category - pension (separate if any is a Crown pension) bank interest etc, then do your own return just as you would a self-assessment in t...

...he UK.

It takes about ten minutes to fill in the form on the helpful tax website, using your copy of your last return as a guide. Cost? Nothing.

Thankyou for that information Peter ,as we get charged every year for this .Gave you the link for the portal please ,regards 

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PeterC

Posted: Mon Dec 26, 2022 2:05pm

PeterC

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Posted: Mon Dec 26, 2022 2:05pm

If you mean” can you give me the link” it is https://sede.agenciatributaria.gob.es/Sede/en_gb/inicio.html

Set the language (top right) to English and spend a bit of time getting your head round it - you have six months to study!

Jan56

Posted: Mon Dec 26, 2022 3:48pm

Jan56

Original Poster

Posts: 94

15 helpful points

Location: Camposol

Joined: 31 Oct 2017

Posted: Mon Dec 26, 2022 3:48pm

PeterC wrote on Mon Dec 26, 2022 2:05pm:

If you mean” can you give me the link” it is https://sede.agenciatributaria.gob.es/Sede/en_gb/inicio.html

Set the language (top right) to English and spend a bit of time getting your head round it - you have six months to study!

Much appreciated Peter thankyou 

Cat47

Posted: Fri Dec 30, 2022 2:41pm

Cat47

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Posted: Fri Dec 30, 2022 2:41pm

PeterC wrote on Mon Dec 26, 2022 8:43am:

You can be fined for not submitting a return, even if it is a ‘nil’ one.

Those words again - “I’ve been told”.

Interestingly I was told I didn't need to do a return by an well known accountant in the Port!

PeterC

Posted: Sat Dec 31, 2022 10:28am

PeterC

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Location: Los Alcázares

Joined: 10 Nov 2016

Posted: Sat Dec 31, 2022 10:28am

A guide compiled by a very experienced Brit who has lived in Spain for 30+ years, and whose advice I have found to be 100% good. The figures may not be up to date but the rules are:

Who has to make a tax declaration?
If you are in legal employment you will normally pay the Spanish equivalent of PAYE. If your income is under €22000 and from only one source you are not required to declare but it may be advantageous to do so.

If your income is less than €12000 you do not need to declare unless you have more than one source of income and the second and subsequent incomes exceed €1500. Two pensions would count as two sources of income even though you would add them together on your declaration.

If you have investment income of more than €1600 you must declare.

If you have rental income of €1000+ you must declare

If your total income from all sources is less than €1000 you do not need to declare.

If you are self employed or running a business you will have to declare no matter what your income is.

These figures apply to the income of the family unit. You cannot decide on separate taxation and each get this exemption.

You can see from this that apart from some wage earners almost everyone else is obliged to make a tax declaration.

Note that you can be fined up to €200 for not submitting a tax declaration even if no tax is due. “

Note that if you are a pensioner and have filed returns for four or more years, when you come to sell your main residence there is no 3% retention and no liability for capital gains, so well worth doing the return IMHO.

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