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HMRC have published a new Statement of Practice (SoP) 1/09. Statement of Practice (SoP) 5/84: Employees resident but not ordinarily resident in the UK: general earnings chargeable under s. 25 and 26 ITEPA 2003 is to be withdrawn from 6 April 2009 and replaced with new SoP 1/09: Employees resident but not ordinarily resident in the UK: General earnings chargeable under Sections 15 and 26 Income Tax (Earnings and Pensions) Act 2003 (ITEPA) and application of the mixed fund rule under Sections 809Q onwards of the Income Tax Act 2007 (ITA), from that date. The new SoP 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. The text of the new SoP is available on the HMRC website at http://www.hmrc.gov.uk/practitioners/sop.pdf. |
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About The Author  Sarah Laing Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences). Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession. |
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Article Added Thursday, 19 March 2009 | 1877 Hits |
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