United Kingdom - New statutory residence test: Significant change but ambiguities remain
Global Watch ()
HM Treasury (HMT) has published the draft Finance Bill, which includes the draft provisions of the statutory residence test (SRT) and reforms of the ordinary residence concept. The changes are due to come into effect April 6, 2013 and may represent the most significant change to the UK's tax residence rules in over 100 years.
While HMT listened to some of the concerns PwC raised during the consultation exercise, there are still a number of areas of ambiguity and concern for employers.
Explore recent editions of Global Watch
May 2013
April 2013
March 2013
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