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Written question asked by Anneliese Dodds (Labour) on Thursday, 22 April 2021, in the House of Commons. It was due for an answer on Tuesday, 27 April 2021 (named day). It was answered by Jesse Norman (Conservative) on Tuesday, 27 April 2021 on behalf of the Treasury.

Taxation: Domicil

Question

To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the effect on revenue to the Exchequer of the change to the Statutory Residence Test announced on 9 April 2020 in the (a) 2019-20 and (b) 2020-21 financial years.

Answer

COVID-19 measures and guidance related to the Statutory Residence Test (SRT) have been estimated to have a negligible cost to the exchequer. This is because they will in most cases preserve what an individual's tax residence determination would be in the absence of COVID-19.

The number of individuals affected by the change is expected to be small.

Further information is available in the corresponding Tax Information and Impact Note on GOV.UK:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/895361/Statutory_Residence_Test.pdf

Secondary information

Type
Written question
Reference
186022
Session
2019-21
Grouped for answer
Yes
Subjects
Domicil Taxation
Link
View this Written question on www.parliament.uk