Residence and Domicile Stakeholder Group
Note of meeting held on 3 February 2009, 100 Parliament Street, London
Represented at the meeting:
HM Revenue & Customs
HM Treasury
The Chartered Institute of Taxation
Low Incomes Tax Reform Group
The Institute of Chartered Accountants of Scotland
The Institute of Chartered Accountants of England and Wales
The Society of Trust and Estate Practitioners
The London Investment Banking Association
The Association of Chartered Certified Accountants
The Confederation of British Industry
TaxAid
Alternative Investment Management Association
Transatlantic Tax Group
Expatriates Stakeholder Forum
Share Scheme Forum
Apologies:
The British Bankers Association
Trades Union Congress
Update since last meeting
HMRC provided an update on developments since the last meeting of the stakeholder
group on 14 January.
The issues identified by the group for potential legislation in the Finance
Bill had been considered by the Financial Secretary who had expressed a
wish to meet with a small group of the representative stakeholders to discuss
their suggestions. It was agreed the attendees would nominate six members,
representing a cross section of interests of the group, to attend the meeting.
The Financial Secretary’s office would then contact them direct with
details of the date and time.
Issues raised: outstanding items
HMRC had circulated a list of issues raised by stakeholders where responses had yet to be published. The intention is to incorporate the answers to these issues into new FAQs and subsequently into guidance. The scope and format of the guidance was discussed. This would be published on the Internet with a planned publication date of the end of March. The guidance is split into 'Tier 1' and 'Tier 2' with the former being a broad overview and introduction aimed at unrepresented taxpayers and the latter being more detailed technical guidance aimed at HMRC staff and agents. In advance of the meeting attendees had been sent a copy of the revised guidance on section 690 ITEPA determinations. Any comments on this would be sent to HMRC before 16 February. A recently issued online leaflet called 'Coming to work in the UK' was also brought to the attention of the group. This had been published in eleven languages and linked to further more detailed guidance, including some on the new remittance basis rules.
Representatives asked to be given the opportunity to comment on all the guidance before it is published. This was agreed, subject to the need to publish guidance before the end of March. Comments on the guidance will continue to be accepted after publication.
AOB
Comments were made on:
- support for a package of legislative changes
- the scope for further stakeholder discussion on these issues following the 2009 Finance Bill
- the effective date of any legislative changes
Next meeting
The next meeting would take place on 11 March, subject to the announcement of the date of the Budget and the group agreeing there was a need to meet.
