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Extending the double taxation treaty passport scheme

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HMRC is consulting until 12 August 2016 on a review of the double taxation treaty passport scheme, including whether the scheme should be expanded beyond corporate-to-corporate lending and made available to sovereign investors, pension funds and partnerships. The scheme allows UK borrowers to pay interest to overseas corporate lenders without withholding tax or at a lower rate of withholding tax, as specified in the relevant tax treaty. See

Issue: 1311
Categories: News