Foreign Income 02 - Were you unable to transfer some or all of your overseas income to the UK

If you pay tax on the arising basis and you've any income from outside the UK that you were unable to bring to the UK, because of exchange controls or a shortage of foreign currency in the overseas country, then you can claim that the un-remittable income should not be taxable in the tax year 6 April 2020 to 5 April 2021. This does not apply for income or a benefit arising as a result of a transfer of assets, you'll know if this applies to you.

If you're claiming that you've un-remittable income choose 'Yes - all' or 'Yes - some' from the drop-down menu and give full details of the country the income arose in, the amount in foreign currency and any foreign tax paid, in the space provided.

Income becoming remittable

If you've previously claimed that foreign income was un-remittable because it could not be remitted at the time and it became possible for it to be brought to the UK for the first time in the year to 5 April 2021 because, for example, exchange controls were lifted, it's treated as arising, and taxable, in the tax year 6 April 2020 to 5 April 2021. You must include in your return any income to which this applies even if it is not actually remitted to the UK. The amount of the income and any foreign tax charged should be converted to sterling using the exchange rate in force at the time when it became possible to remit the amount. Enter the details and amounts in the appropriate section for the type of income.