Statutory residence test recommended by CIOT

Share this content

The Chartered Institute of Taxation (CIOT) recommends that a comprehensive statutory test should be introduced to determine residence for tax purposes. A new test should be part of the proposed reform package following the announcements in the Pre-Budget Report of changes to the residence and domicile rules.

Emma Chamberlain, CIOT spokeswoman, says: In the present era of great personal mobility in work and personal life it is essential that an individual can know, with certainty, what circumstances will render him resident in the UK. If an individual cannot do this, he or she will err on the side of caution and limit or avoid visits to the UK. This will reduce spending in the UK and diminish business activity here. As a result the economy will suffer and there will be loss of tax revenu...

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.