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ALLISON PLAGER reports the final sittings of the Finance Bill debates
KEY POINTS
- Will low-income migrant workers be adversely affected by the new remittance basis regime?
- A relevant person is redefined.
- Interaction between trusts and offshore gains.
- Are the rates of mileage allowance payments high enough?
Continuing the residence theme the 23rd sitting of the public bill committee discussed the idea of a statutory residence test.
Jane Kennedy financial secretary to the Treasury agreed that it would be a good idea to discuss what form such a test might take. A statutory residence test 'would enable taxpayers to decide whether to use the remittance basis or another basis on which to pay tax' she said and because the UK's system is so 'complicated' it would be beneficial to have a simpler rule.
Remittance
Moving on the committee looked at Sch 7 'Remittance...
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