Overseas workday relief (2013/14 to 2024/25)

Produced by a Tolley Personal Tax expert
Personal Tax
Guidance

Overseas workday relief (2013/14 to 2024/25)

Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
imgtext

Introduction

From 6 April 2013 to 5 April 2025, individuals who were UK resident but are not domiciled and had duties of employment both in the UK and overseas under a single contract of employment were entitled to favourable tax treatment for the first three years of UK residence:

  1. 1)

    overseas workday relief ― the earnings from the employment were apportioned between UK and overseas duties on a days basis, with there only being a remittance from the qualifying 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 under the special mixed fund rules) exceeded the total 'UK portion' of the earnings

  2. 2)

    special mixed fund rules ― a relaxation of the rules on remittances from mixed fund rules in relation to a qualifying bank account where the individual deposits funds from the employment

This tax treatment is usually collectively referred to as overseas workday relief or

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™
Powered by Tolley+™

Popular Articles

Gifts with reservation ― overview

Gifts with reservation ― overviewIntroductionA gift with reservation (GWR) arises when an individual ostensibly makes a gift of his property to another person but retains for himself some or all of the benefit of owning the property. The legislation defines a gift with reservation with reference to

14 Jul 2020 11:48 | Produced by Tolley Read more Read more

Enterprise management incentive schemes

Enterprise management incentive schemesWhat is an enterprise management incentive (EMI) scheme?The enterprise management incentive (EMI) scheme is a tax-advantaged share option employee incentive scheme aimed at small entrepreneurial companies that meet certain conditions. It is designed to assist

14 Jul 2020 11:36 | Produced by Tolley Read more Read more

Gilts

Gilts‘Gilts’ are securities that are also known by a number of different names (eg gilt-edged securities, Government securities or treasury stock).The Government sells gilts to fund the deficit between public spending and tax receipts. Normally, the Government pays interest to the holder of the gilt

14 Jul 2020 11:48 | Produced by Tolley Read more Read more