OrbitaxWithholding tax on interest – HMRC announce changes to Double Taxation Treaty Passport Scheme
|Proposed Changes|United Kingdom
HMRC have announced changes to the Double Taxation Treaty Passport (DTTP) Scheme for overseas lenders.
The DDTP Scheme is aimed at simplifying administration in certain cases where non-resident companies make loans to UK corporate borrowers.
An overseas lender resident in a country with which the United Kingdom has a relevant double taxation treaty may apply to HMRC for a Treaty Passpo…
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