• Type: Publication series
  • Date: 3/28/2013

United Kingdom – Review of SP1/09 Measures, Overseas Work-Day Relief in Finance Bill 2013 

KPMG LLP in the United Kingdom discusses the further revisions to the proposed legislation on Statement of Practice 1/09 (SP1/09) regarding how to calculate remittances and, as a consequence, Overseas Work-day Relief, published in today’s Finance Bill 2013. The legislation confirms the statutory position of the “special mixed fund” rules which will apply when certain conditions are met. The U.K. tax authority, HMRC, has wanted to incorporate SP1/09 into legislation for some time, but questions have been raised by several interested parties on how best to achieve this aim.


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