What is Statutory Residence Test (SRT)? | A Complete Guide

The Statutory Residence Test (SRT) is crucial for determining one's tax residency status in the UK. Introduced by the Finance Act 2013, the SRT helps ascertain whether individuals are required to pay UK taxes on their global income or only on income earned within the UK. This first part of our in-depth analysis covers the basics of the SRT, focusing on the structure of the test and the automatic overseas and UK tests.