HMRC is to revoke its classification of the Moscow Stock Exchange (MOEX) as a recognised stock exchange, meaning future investors will no longer be able to access certain UK tax benefits when trading securities on MOEX, such as exemption from withholding tax on interest-bearing qualifying Eurobonds and eligibility for inclusion in an ISA. Access to those reliefs will remain in place for existing investments.
HMRC has launched a consultation, closing on 2 May 2022, that seeking views, including on a draft revocation order, before the decision is finalised.
HMRC is to revoke its classification of the Moscow Stock Exchange (MOEX) as a recognised stock exchange, meaning future investors will no longer be able to access certain UK tax benefits when trading securities on MOEX, such as exemption from withholding tax on interest-bearing qualifying Eurobonds and eligibility for inclusion in an ISA. Access to those reliefs will remain in place for existing investments.
HMRC has launched a consultation, closing on 2 May 2022, that seeking views, including on a draft revocation order, before the decision is finalised.
