UK/Gibraltar DTC enters into force

The new UK/Gibraltar Double Taxation Convention, signed in October 2019, entered into force on 24 March 2020.

The agreement takes effect in the United Kingdom from:

• 1 May 2020 for taxes withheld at source
• 6 April 2020 for income tax and CGT
• 1 April 2020 for corporation tax

The agreement takes effect in Gibraltar from:

• 1 May 2020 for taxes withheld at source
• 1 July 2020 for income tax
• 1 July 2020 for corporation tax