The government needs to introduce a statutory definition of residence to give foreign business stakeholders certainty on their tax position, the ICAEW says.
Speaking as the government released the 2008 Finance Bill, the institute's tax faculty head Francesca Lagerberg said many other countries had introduced such a test and that the UK would benefit by doing the same.
'The UK is now out of line with international practice in maintaining a rule that is largely based on often conflicting case law and practice that does not deal satisfactorily with increased international mobility,' Lagerberg said.
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