FA 2015 provides for a new exemption from withholding tax for private placements, which was originally announced in the Autumn Statement. The legislation is an improvement on the draft published in December and HMRC has clearly taken comments on board. But it remains to be seen what the relevant secondary legislation will look like and it will, in any event, be several months before the exemption comes into effect.
.tmb-editorspic.jpg?sfvrsn=df04ab27_1)
