UK:
Spring Budget 2017 Analysis - Withholding Tax Exemption For Debt Traded On A Multilateral Trading Facility
To print this article, all you need is to be registered or login on Mondaq.com.
The measure
The government will introduce an exemption from withholding tax
for interest on debt traded on a multilateral trading facility.
Who will be affected?
Holders of debt trading on a multilateral trading facility.
When?
A consultation document will be published on 20 March 2017.
Our view
This measure, which removes a barrier to the development of UK
debt markets and increases liquidity in capital markets, is welcome
news.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Tax from UK
All Change For Non-doms
Lubbock Fine
Although there had been speculation in the run up to the Spring Budget that the Chancellor was set to steal Labour's proposals to 'abolish non-dom status', the actual announcements from Jeremy Hunt...
Tax – A Shake-Up Looms
Herbert Smith Freehills
Few developments in the tax world have an impact on a truly global scale, but the so-called 'Pillar Two' rules – essentially a global minimum corporate tax – is one of them.
UK Tax Round Up
Proskauer Rose LLP
Welcome to March's edition of our UK Tax Round Up. This month has seen a number of interesting cases covering a range of issues, from the deductibility of costs against employment income...