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On 11 March 2024, the Immigration (Leave to Enter and Remain) (Amendment) Order 2024 (i.e., Draft Order) was laid before the UK Parliament for approval by resolution of each House of Parliament. If this draft legislation is approved and made a UK Statutory Instrument, changes will come into force regarding the lapse of leave for holders of pre-settled status who have acquired permanent residence but have not applied for settled status under the EU Settlement Scheme (EUSS).
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.