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The Seafarers’ Earnings Deduction can provide 100% UK tax relief on earnings from carrying out duties as a seafarer wholly or partly outside the UK, during an eligible period. One of the qualifying conditions for the deduction is that the claimant must be ordinarily resident in the UK.
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Posted December 18th, 2009 | No Comments »
Booklet IR120 Residents and non-residents – Liability to tax in the United Kingdom has been replaced by a new booklet HMRC6, with the same title. It provides guidance for taxpayers who need to consider their residence, ordinary residence and domicile for Income Tax and Capital Gains Tax purposes. It also explains the Remittance Basis and when there might be a liability to pay the Remittance Basis Charge.
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Posted April 20th, 2009 | No Comments »
HMRC has updated the Statement of Practice booklet, replacing SOP 5/84 with SOP 1/09. The new statement of practice sets out how HMRC will treat transfers made from an offshore account holding only the income or gains relating to a single employment and the apportionment of earnings where an employee is taxed on the remittance basis.
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Posted March 30th, 2009 | No Comments »
From April 2008, changes were made to the residence and domicile rules for non-residents and to the remittance basis of taxation. Until full guidance on these changes is published, HMRC has published a series of FAQs, including questions posed by members of the public and practitioners. A number of further questions were published during February and March.
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Posted March 16th, 2009 | No Comments »
Employers making use of
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Posted February 2nd, 2009 | No Comments »
