HMRC issuing One to Many letters concerning Foreign Tax Credit relief claims
6 Nov 2023
HMRC are sending One-to-Many letters to individuals who claimed Foreign Tax Credit Relief (FTCR) with respect to employment income in their 2021/22 tax returns. Prior to their completing 2022/23 tax returns, recipients are reminded as to the rules behind making a claim to FCTR, including: that relief from US taxes is confined to federal tax, terms of Double Tax Agreements should be checked, and the definition of employer for DTA purposes. Individuals are encouraged to amend their 2021/22 tax returns if they discover a mistake. Recipients’ agents will also receive a copy of this letter.