Finally a Statutory Residence Test

HMRC has recently published the post consultation details of the Statutory Residence Test to take effect from 6 April 2013.

This will finally provide some welcome clarity on a topic, which has in recent years become very messy and lacking in certainty for tax payers. 

As well as providing much tighter criteria to define non-residency, the legislation will also largely remove the concept of Ordinary Residence, other than as regards Overseas Workday Relief, another very welcome simplification.

For more details, or to discuss how this may affect your own residence position you should contact Julia Casimo on 0151 228 8977