ERSM162910 - International from 6 April 2015: remittance - from 6 April 2015: special mixed fund rules for certain employment cases
HMRC鈥檚 Statement of Practice 1/09 (SP1/09) provided an administrative easement for employees who were resident but not ordinarily resident in the UK and had a single contract of employment covering duties carried out in the UK and overseas. It enabled them to apply the remittance basis rules on a simplified basis to certain 鈥渕ixed funds鈥� containing income and certain other funds including some proceeds from employee share schemes.
Finance Act 2013 introduced the Special Mixed Fund rules which give effect to SP1/09 in legislation.
Frequently Asked Questions on the new Special Mixed Fund rules legislation in ITA07/S809RA to ITA07/S809RD are available at EIM40307.