Offshore Working Tax Credit

Hi everyone,

I'm not sure how many people do this, but I travel a LOT for work outside the UK.  For that I get offshore working days tax credit.  My money never enters the UK, it is direct deposited to my HSBC account in the Channel Islands

Well this week, with the exchange rate so good I decided to go through XE to transfer some money i don't need to cover that off shore tax credit (essentially if i work XX amount of days i will get AAA amount back.  SO i need to have enough in HSBC at the end of the tax year to cover AAA, having never entered the UK and it never CAN enter the UK)

So i set up my trade, execute it and go OMG....the address is in London.  Quick email to my accountant says that i indeed brought that money into the UK, so it would not be applicable towards my Offshore working days.

Thank god i still have enough in there to cover what i will get back but it was a very close call and I wanted to let anyone else know!!!!!

 

But - but you are assuming you are still not ordinarily resident in th UK or this plan won't work.

HMRC are hotting up on this and frequently challenge.

Are you still planning on leaving the UK within 3 years from the date you arrived here?

ohh that's right, that whole ordinary resident thing kills me

I leave just after easter, so 2 years and 7 months of being here.    Hence why it works for me!

I just need it to work once for me this year...that's it!