Non-Residents (Income Tax)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 9th March 1965.

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Photo of Mr James Callaghan Mr James Callaghan The Chancellor of the Exchequer, Member, Labour Party National Executive Committee 12:00 am, 9th March 1965

In some cases this interest is exempted from United Kingdom tax under double taxation agreements between the United Kingdom and other countries. Where this is not the case there would usually be no way of enforcing collection of tax on interest assessed on non-residents and it is not, therefore, the general practice of the Inland Revenue to raise assessments on such interest.