UK and International Tax news

Update To Residence Rules

Monday 10th January 2011

A revised version of HMRC’s guidance on residence, domicile and the remittance basis has recently been issued – HMRC6.

Part 5 of this guidance was updated in February 2010 to reflect legislative changes made to the remittance basis rules. Other parts were revised in December 2010. The revised version now applies although HMRC has stated that it does not consider that the latest revisions have altered the current position in most cases and taxpayers may continue to use the wording in the previous version of HMRC6 for any tax liability that arises before 5 April 2011.

If you would like further information on the above, please contact Keith Rushen on 0044 (0)20 7486 2378.

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