Press release
UK to Introduce Statutory Definition of Tax Residence in Finance Bill 2013; Provides Clear Rules for Taxpayers
Statutory Definition of Tax residence: Background
As the current rules that determine tax residence for taxpayers are very ambiguous, the UK Government announced to introduce a statutory definition of tax residence providing clear rules to taxpayers in the 2011 budget.
Statutory Definition of Tax residence: Consultation
The consultation proposed new rules and sought views on its design and implementation from individuals, advisors, businesses and representative bodies who would be affected or from those who were interested to share their views.
The consultation was concerned with issues of tax residence in the UK for individuals. Also, the HM Revenue and Customs (HMRC) has proposed to provide an online tool enabling individuals to self assess their residence status.
Statutory Definition of Tax residence: Consultation Responses
The UK Government received views from individuals and organisations and after considering the views expressed, the British Government published an abstract of responses to the Statutory Definition of Tax Residence consultation in conjunction with the draft legislation in 2012. The UK Government’s latest document includes:
• Government’s proposal to end ordinary residence,
• retention of overseas workday relief, and
• the draft legislation.
Statutory Definition of Tax residence: Draft Legislation
After publishing the draft legislation, the British Government has invited all interested parties’ responses.
For more information on this topic email media@nair-co.com
Get the latest press releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts.
Nair & Co.
1250 Oakmead Parkway, Suite 210
Sunnyvale, CA 94085, U.S
+1 408.515.6887
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release UK to Introduce Statutory Definition of Tax Residence in Finance Bill 2013; Provides Clear Rules for Taxpayers here
News-ID: 234810 • Views: …
More Releases for Statutory
Clinical Decision Support Systems Market To Undergo Statutory Innovation
The Clinical Decision Support Systems Market is expected to witness a strong In Upcoming Years. The ongoing trend speaks of digital transformation. In other words, it's about the provision of digital solutions being tabled all across. The big thing is that the key stakeholders can't afford to keep digital technology in a silo. Unification is the need of the hour so that anytime-anywhere access is possible. The enterprise is slated…
Statutory Compliance Management Outsourcing Services Market Next Big Thing | Maj …
The latest study released on the Global Statutory Compliance Management Outsourcing Services Market by AMA Research evaluates market size, trend, and forecast to 2027. The Statutory Compliance Management Outsourcing Services market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges…
Statutory First Aid Kits Market Next Big Thing | Major Giants Certified Safety, …
The Latest Released Statutory First Aid Kits market study has evaluated the future growth potential of Statutory First Aid Kits market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging trends along…
Latest Whitepaper on Tackling Payroll Complexity for Statutory Compliance
OVERVIEW:
Statutory compliance in HR applies to the regulatory system under which companies’ organization and must act when engaging with their employees. Statutory compliance, as the name implies- ‘Statutory’ means ‘related to statutes’, while ‘compliance’ means complying with. A significant amount of time and expense is expended by companies to ensure compliance with these rules.
Statutory compliance addresses a variety of concerns ranging from the payment of minimum wage, maternity leave &…
FAI Exchange helps you in 1031 exchange with Delaware Statutory Trust (DST) inve …
Are you searching replacement properties for 1031 exchange? Do you find the 1031 exchange a bit confusing? Don’t worry; FAI Exchange is here to help. This company simplifies the process of exchanging properties in 1031 exchange.
The team helps you by offering Delaware Statutory Trust (DST) investments. These investments are valid for 1031 exchange and come with an array of benefits. You get to invest in a property that’s of institutional…
Global Statutory First Aid Kits Market 2017 : Acme United, Johnson & Johnson, Ce …
A market study based on the " Statutory First Aid Kits Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Statutory First Aid Kits Market 2017’. The research report analyses the historical as well as present performance of the worldwide Statutory First Aid Kits industry, and makes predictions on the future status of Statutory First Aid Kits market on the basis of this…
