When the new statutory residence test (SRT) is introduced, the government intends to abolish ‘ordinary residence’ for tax purposes. However, overseas workdays relief (OWR) will continue to exempt the unremitted foreign earnings of employees temporarily resident in the UK. But the qualifying conditions will restrict severely the number of employees able to benefit.
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When the new statutory residence test (SRT) is introduced, the government intends to abolish ‘ordinary residence’ for tax purposes. However, overseas workdays relief (OWR) will continue to exempt the unremitted foreign earnings of employees temporarily resident in the UK. But the qualifying conditions will restrict severely the number of employees able to benefit.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: