Report to HMRC to open an ISA?

tom134

Greetings,

I would like to ask if I need report to HMRC to open 2012's new isa account.
I left the UK 2010 due to an emergency situation - having thought I would not be back again, I completed P85 for leaving the UK tax return.
But my circumstances changed a few months ago, I was back to the UK and settled down again. Now my question is do I need to report my situation to HMRC to open an ISA? (I have just been back and am not working at the moment. )

Thank you very much for your help!

le_loup

You will need a current National Insurance number.
But apart from that, it cannot do any harm and may do some good to have your status changed back to residency status.

tom134

Hi I don't know after submitting p85 if my NI is still active?

PotatoPotato

I dont think you need to tell HMRC you have a cash ISA as they are tax free.
I think you are better phoning up or writing a letter to let them know you about the change in your circumstances regarding the P85 form. As it does say

you may not be coming back or you don’t know when
you’re coming back or,
you are leaving the UK to work full-time abroad for at least
a complete tax yea

- see link here of the actual form

If I am wrong, please someone correct me.