Gayane Babayan

GAYANE BABAYAN explains that few multinationals need to have fear of increased tax bills as a result of double taxation relief changes to be made by the proposed Finance Bill.

BEFORE DISCUSSING THE proposed changes that are to be made to TA 1988, s 801 , which only affects dividends received by a UK company after 2 December 2004, I will briefly consider the history of changes made to double tax relief on the dividends paid by related subsidiaries.