London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Residence Rules UK?

Now the dust is settling – a little – on Finance Act 2008, HMRC has issued an updated version of IR20.

The revised booklet has some deletions from the previous versions and an extended text about the operation of the new remittance basis charge. Most usefully there is a flow chart which shows how the charge works. I have a copy pinned to my office wall for quick reference!

There will undoubtedly be continuing uncertainty about the new rules but at least we will know what HMRC’s view is in the main areas. Nonetheless so much of the rules relating to residence are a matter of interpretation and it is wise to seek advice if you are unclear about your personal situation.



Date: 23rd July, 2008
Author: Lisa Spearman


Articles from this Author

Contact a Private Client Partner


Mercer & Hole’s @GudgionJa progress in @CelebJustDance - Not much longer to Waite now….. @MKDonsSET

Mercer & Hole’s Michael Lapham impresses at the @MoneyMgmtMag Financial Planner Awards…



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn