Double Taxation Conventions - Programme of work to March 2008

View the next news item for International
View the previous news item for International

The Government reviews the UK's Double Taxation Convention (DTC) priorities each year to ensure that the treaty network continues to meet the needs of the businesses and individuals receiving income from abroad. HMRC monitors the DTC networks of other countries and invites representations from business, individuals, representative bodies, other Government departments and others with an interest in this area.

In the year to 31 March 2008, HMRC plans to

• complete work on new DTCs with the Faroes, Macedonia, Moldova, Slovenia and Thailand; and on Protocols with Australia, Mexico, New Zealand, South Africa and Switzerland
  
  
• complete work on new Tax Information Exchange Agreements (TIEAs) with Jersey, Guernsey, the Isle of Man, Anguilla, Bermuda and the British Virgin Islands
  
  
• progress negotiations with Bahrain, the Cayman Islands, China, Croatia, Germany, Hungary, Luxembourg, Libya, Netherlands, Peru and Saudi Arabia
  
  
• commence negotiations with the Turks & Caicos Islands, the Netherlands Antilles, Aruba, the Bahamas and Panama on TIEAs.

The DTC between the UK and the Republic of Botswana, signed in Gaborone on 9 September 2005, entered into force on 4 September 2006. In the UK the provisions of the Convention have effect from 6 April 2007 for income tax purposes. In Botswana, the provisions took effect from 1 July 2007.

The DTC between the UK and Japan, signed in London on 2 February 2006, entered into force on 12 October 2006. In the UK, the provisions of the Convention took effect from 6 April 2007 for income tax purposes. In Japan, the provisions took effect from 1 January 2007.

The DTC between the UK and Poland, signed on 20 July 2006, entered into force on 27 December 2006. In the UK the DTC has effect from 6 April 2007 for income tax purposes. In Poland, the DTC has effect from 1 January 2007.

A new comprehensive DTC between the UK and Macedonia was signed in Skopje on 8 November 2006. The Draft Order will enter into force once both countries have completed their necessary legislative procedures and notified each other of that fact.

...UK Payroll News - Latest

Further information:
Double taxation conventions

The UK Payroll News is sponsored by HRD & Payroll Solutions

Discuss this news item in the PayPerShop Forum