The restricted bank lending environment of recent years has resulted in an increase in general and acquisition fund-raising through the issue of corporate bonds loan notes and other similar debt securities.
This shift has coincided with an increase in cash-rich investors from emerging economies and sovereign wealth funds resulting in many such debt securities being held by overseas investors.
Where interest-bearing debt securities are issued by a UK company to overseas investors there will be a basic obligation to apply UK withholding tax to interest payments made on such debt securities.
This article...
90a1d87b-c1b5-43c3-a720-cd324830adee.jpg?sfvrsn=1b2d0a7e_1)
