§ Mr. Jim Spicerasked the Chancellor of the Exchequer whether money earned abroad or paid to refund expenses incurred abroad, all of which was saved or spent abroad, was subjected to United Kingdom income tax in the financial years 1972–73 and 1973–74; and if he will list the relevant statutory provisions.
§ Mr. Robert SheldonIn general, before 6th April 1974 emoluments from an overseas employment carried on by a person resident in the United Kingdom were liable to tax only to the extent that they were received in or remitted to this country—Sections 181 and 184, Taxes Act 1970. With effect from 6th April 1974 this basis—the "remittance basis"—has, with a few minor exceptions, ceased to apply—Section 21, Finance Act 1974.