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Double taxation treaty passport (DTTP) scheme.
HMRC has published a consultation seeking views on the double taxation treaty passport (DTTP) scheme. The aim is to ensure that it still meets the needs of UK borrowers and foreign investors and, on its expansion beyond corporate-to-corporate lending, to investors entitled to sovereign immunity from UK tax, pension funds and other entities.
It does not cover relief from withholding tax under the EU Interest and Royalties Directive, which is covered by specific UK legislation.
Details are on GOV.UK at tinyurl.com/gvp6xps. Responses should be emailed here 12 August 2016
