More on IR20
15th May 2008
HMRC have made the following announcement in relation to the IR20 pamphlet:
This booklet has been updated and now includes as an appendix Revenue & Customs Brief 01/07 which was issued following the recent Gaines-Cooper case. It does not include reference to the proposals made in the 2008 Budget to change the way days of presence are counted for residence purposes, nor to changes made to the operation of the remittance basis as we are not able to publish such guidance until the 2008 Finance Act has received Royal Assent.
Once the 2008 Finance Act has received Royal Assent, the content of IR20 will be updated again to include any changes which are confirmed to ensure that our guidance is current until the replacement guidance for IR20 is issued. In the meantime, information about the way the 2008 Budget proposals will affect residence and the remittance basis can be found in our Budget pages.
Link: The announcement can be found here.
