Hi UK DTV holder here. Am currently registered as a sole trader with HMRC and am in contact with a Thai accountant to help me with my Thai taxes as I have been in the country for over 180 days. I pay myself into my UK bank account (as I don’t have a Thai account as per DTV) so wondering what my tax liability is with UK, I was planning to tell HMRC that I have left the country on my next tax return but want to make sure that’s the right thing to do. My next port of call is of course contacting a UK accountant but wanted to see if anyone here has any insight first. Thanks
TLDR : Answer Summary
A UK DTV holder is questioning their tax obligations while operating as a sole trader and living in Thailand for over 180 days, especially regarding tax liabilities to the UK. They aim to determine whether to inform HMRC about their residency status and are seeking insights from the community. Responses suggest that it may be advantageous to continue paying taxes in the UK due to the DTA with Thailand, and that it's essential to consider potential changes in regulations regarding remitted income. It's also noted that disclosing expatriate status to HMRC may result in losing NHS benefits.
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