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The Statutory Residence Test And COVID-19 Restrictions

For those stuck in the UK ...

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Posted by Helen Beaumont on 13/01/2021 @ 8:00AM

Because of travel restrictions, lockdowns and quarantines, an individual may stay in the United Kingdom longer than they planned. This could be problematic due to the Statutory Residence Test (SRT) as it looks at the total days an individual has spent here during a tax year ...

Certain changes to the Statutory Residence Test because of COVID-19 have been enacted into UK tax law!

Certain changes to the Statutory Residence Test because of COVID-19 have been enacted into UK tax law!

copyright: alandy / 123rf


Certain changes to the SRT because of COVID-19 have been enacted into UK tax law. It has been amended so that any days spent in the UK between the 1st of March 2020 and the 1st of June 2020 will not be counted in most cases.

"HMRC has recently given further details regarding the impact of the pandemic on SRT qualification days!"

Now, certain non-UK residents are allowed to be present in the UK due to COVID-19 without it impacting their tax status. These changes are specifically related to the 2019/20 and 2020/21 tax years and only make changes to the rules around what constitutes a 'day' of presence in the United Kingdom under the Statutory Residence Test regulations.

Careful consideration should be given to these new allowances, and they will only apply under exceptional circumstances. They will be reviewed on a case-by-case basis, and it's always a good idea to seek expert advice if you think SRT applies to you.

So, if you are self-isolating in the UK or have been advised not to travel, you may be able to exclude certain days you were in the United Kingdom under the Statutory Residence Test regulations.

Until next time ...



HELEN BEAUMONT

 
 



Would you like to know more?

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About Helen Beaumont ...

 

Helen brings the personal tax planning experience of the top 20 tax companies to Essendon. Formerly of MacIntyre Hudson (with 45 offices nationwide), Helen worked at Chancery for more than 10 years before joining Essendon as the personal tax specialist.

Tax Planning can make a considerable difference to your tax liability. Helen has specialist knowledge and experience in tax planning and uses every opportunity to minimise your tax bill is utilised. By analysing your investments, income, profit and expenditures, Helen will provide strategic tax planning expertise that could offer significant savings, whilst delivering clear, honest advice and guidance.

When Helen is not at Essendon she spends time with her young son and likes going on long walks with the family dog.