Tarek
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Overseas Work Day Relief, Remittance and Correspondent Banks
Hi, I am currently aiming to understand whether funds held in an offshore account would be viewed as remittance to the UK by HMRC, especially in instances where an International Bank Transfer involves passing through a UK Correspondent Bank. I have sought multiple opinions and, so far, the consensus appears to be that this is not considered remittance. However, I would appreciate getting a definitive answer on this matter from HMRC. This query mainly relates to the rules of Overseas Workday Relief (OWR) and ensuring that any international transfers made will not be classified as UK remittance.