ÀÏ˾»úÎçÒ¹¸£Àû

Overseas workday relief and special mixed fund rules


Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
tag-icon Spring Budget 2024

Overseas workday relief and special mixed fund rules


Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
tag-icon Spring Budget 2024
imgtext

STOP PRESS: At Spring Budget 2024, the Chancellor announced that the remittance basis would be abolished from 6 April 2025, although this only applies to foreign income and gains arising on or after that date. The remittance basis rules still apply to unremitted income and gains arising before that date but remitted later. For more details, see the Abolition of the remittance basis from 2025/26 guidance note.

Introduction

Individuals who are resident but are not domiciled in the UK and undertake duties of employment both in the UK and overseas under a single contract of employment are entitled to favourable tax treatment for the first three years of residence which allows:

  1. 1)

    the earnings from the employment to be apportioned between UK and overseas duties on a days basis, with there only being a remittance from the bank account in (2) below for UK tax purposes if the total amount received in the UK plus the amount brought in to the UK from that bank account (which is attributable to employment income

Access this article and thousands of others like it
free for 7 days with a trial of Tolley+™ Guidance.

TAKE A FREE TRIAL
Powered by
  • 12 Aug 2024 14:21

Home/ Tolley Tax Guidance/ Personal Tax / Additional information supplementary pages

Popular Articles

Personal Tax

Foreign self-employment

Foreign self-employmentTrading in another jurisdiction involves many issues, only some of which involve taxation. Advice should be taken, not only in relation to tax but on the wider business implications. For an overview of the points to consider for certain jurisdictions see Tolley's Global

14 Jul 2020 11:44 | Produced by Tolley Read more Read more
Corporation Tax

Double tax relief

Double tax reliefWhen income arises in a foreign country to a UK resident company and that income is taxable in that foreign country, the UK may give the company relief for the foreign tax by crediting the foreign tax against the UK tax charged on that income. This might include withholding tax on

14 Jul 2020 11:31 | Produced by Tolley in association with Anne Fairpo Read more Read more
Value Added Tax

VAT registration ― change of VAT registration details

VAT registration ― change of VAT registration detailsVAT registered persons must keep their VAT registration details up to date and notify HMRC of any changes. Failure to notify HMRC by the relevant time could result in a penalty. For guidance regarding penalties for failure to notify please see the

14 Jul 2020 13:57 | Produced by Tolley Read more Read more