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The UK authorities are changing the rules on tax residence. They are introducing a statutory test to determine whether individuals are resident in the UK for tax purposes. The UK tax rules around residence always provokes an interesting discussion, particularly offshore.
The test brings some much needed certainty to this area however it is difficult to apply an objective standard to an area as inherently subjective as residence. On looking at the draft law and discussing real situations we are coming across a number of practical issues for those people with UK connections. It is important that people with UK connections are aware of the practical implications of the new rules.
Senior Tax Manager, PwC Channel Islands
Tel: +44 7797 770497