Podcast Location:
Download it here [file size: 39.9 MB]
Categories:
Tax Law
Tax & Planning
CPD Points:
Up to 1 point. details »

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Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
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Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

In this CPDcast Emily Hewlett and Freddie Bjorn from Payne Hicks Beach discuss the new rules which establish an individual’s residence status for tax purposes and which are expected to come into effect for the 2013-14 tax year, following Royal Assent of the Finance (No.2) Bill 2013.

The rules, who will be affected and how the rules will work in practice are explained and practical examples are provided to illustrate key provisions.

The statutory residence test has wide ranging ramifications for a number of practice areas and will be of particular interest to tax, family and private client practitioners.

Outcomes:
After completing the course you will:
  • Understand the changes being introduced by the Finance (No. 2) Bill 2013;
  • Be aware of how the new rules as to an individual’s residence are likely to work in practice;
  • Have a good basic understanding of the ‘automatic overseas test’ and ‘automatic UK test’;
  • Know the anti-avoidance measures introduced in this area;
  • Understand the practical steps which can be taken to ensure that clients are not caught out by these rules.
Level:
General Interest Difficulty: 2 of 5
Classification:
Legislative Updates
Sources and References:
  • Finance (No. 2) Bill;
  • Finance (No. 2) Bill, s17 (the sufficient ties test);
  • Gains-Cooper v HMRC [2006] UKSPC SPC00568;
  • HM Revenue & Customs, Guidance Note: Statutory Residence Test (SRT) - http://www.hmrc.gov.uk/international/rdr3.pdf HM Revenue & Customs, Guidance Note: Statutory Residence Test, para 1.40 (the sufficient ties test).
Tags:

In this CPDcast tax and trust experts, Freddie Bjorn and Emily Hewlett from Payne Hicks Beach discuss the statutory residence test which establishes an individual’s residence status for UK tax purposes.

NEW! TRANSCRIPT INCLUDED IN ADDITIONAL INFORMATION

Date Recorded: 18th July 2013

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