Her Majestys Revenue & Customs HMRC in the U.K. has announced that legislation will not be introduced until the 2011 Finance Act concerning this legislation would have replaced Statement of Practice 01/09 regarding resident but not ordinarily resident taxpayers. SoP 01/09 will now apply for the U.K. tax year ending 5 April 2011, with one amendment regarding joint accounts. This amendment will apply to all qualifying bank accounts for periods on or after 6 April 2009.