Returning to the UK after 9 years

DannyJames

I am a British Citizen though a native Aussie. Living in the UK from 2001 through until 2009 I managed to develop a bit of a poor credit rating/history.

I left with a mortgage and a number of defaulted accounts though continued paying off all my debt until I sold my flat in early 2013.

All debt besides mortgage was paid off in early to mid 2012 and then mortgage was settled early 2013 once sold.

Due to being an overseas landlord I had to submit a self assessment annually to satisfy that I was not earning over the tax free threshold from rental income, which I was not. Unfortunately with the self assessment the ID never made it to Australia within the 30 day time slot for me to log in and complete myself so I had to pay a tax accountant each year to prove I hadn't earned over the TFT. Once I sold my property and I was no longer earning money I did not complete a tax return. Which resulted in a Fine of 100 pounds which has now crept up to 1310 pounds for late submission. I have finally managed to complete an online self assessment though obviously the penalties remain.

Myself and my partner are planning on returning to the UK in May 2018.

By then most of my creditor accounts will have been closed for the 6 year period apart from the mortgage. I am yet to pay the penalty as I have not had the funds to do so.

I am assuming this tax penalty will show on my credit file so I want to check if that is the case and also I am curious if there is anything I can do to improve my credit score/file before we move back as I am concerned about things like credit cards/apartment rentals/mobile phones etc.

Thanks

DannyJames

Thrugelmir

By the time you return in 2018 you'll find it a different regime to the one you left. You'll be starting with a blank canvas. So be prepared to fund with yourself with cash, as credit lines will take time to establish.

DannyJames

Cheers Thrugelmir...

I just had a thought I also have student debt to my name... Which I assume I will also need to start paying off when I return.

I still have an open bank account also so I won't need to try to open one of those