Tax on funds transferred from EU?

Christina157

Hi

I am registered as self-employed and got a few thousands of Euros in a Spanish bank account.
I would like to transfer about 30,000 Euros to my UK bank account but not sure if I will need to pay any income tax once declare this money on my tax return?

Thank you

Ben8282

If this is your own money on which you have presumably paid any income or other taxes due when you earned it then there is no need to declare it as income on your tax return as it is not income.
If however this money is the proceeds of your self employment which you have had paid into a foreign bank account then yes you will have to declare the income on your tax return.