UK Residence update January 2013
Karen Irving, 25 January 2013 - The current rules that determine UK tax residence for individuals are complicated and uncertain. In the UK 2011 Budget it was announced that HMRC would introduce a statutory definition of tax residence. Its aim was to create clear rules that provide greater certainty for taxpayers and are simple to use. The original consultation document was published in June 2011; a response to the consultation was issued by HMRC in June 2012 and a summary of responses was issued in December 2012, with final draft legislation. The new legislation is effective from 6 April 2013.
Please see the attached file.