Foreign earnings

Greene, Chris; Maddalena, Christina
February 1992
Accountancy;Feb1982, Vol. 109 Issue 1182, p51
Trade Publication
This article focuses on the taxation of foreign earnings in Great Britain. A change has been announced in the interpretation of the rules whereby a 100% deduction is made from foreign earnings, under section 193 of the 1988 Tax Act, particularly as regards those individuals returning to Great Britain. Individuals who are resident and ordinary resident in Great Britain are liable for British tax on any earnings for work done abroad. However, under section 193 of the 1988 Tax Act, they are entitled to a 100% deduction from such foreign earnings provided they are absent from Great Britain for a qualifying period of at least 365 days. For this purpose, return visits to Great Britain are included in the qualifying period provided that no single visit lasts for more than 62 consecutive days, and the total number of days spent on visits to the country in the qualifying period does not exceed one sixth of the total number of days in the qualifying period. To date the Inland Revenue has allowed people who, having previously been resident in the country, return to the country after a period of non-resident status for tax purposes, to count the period of non-residence as part of the qualifying period.


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