Double Taxation: Treaties

HM Treasury written question – answered on 20th July 2016.

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Photo of Steve McCabe Steve McCabe Labour, Birmingham, Selly Oak

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 6 July 2016 to Question 41340, whether his Department publishes details of the negotiations on double taxation agreements between the UK and other countries.

Photo of Steve McCabe Steve McCabe Labour, Birmingham, Selly Oak

To ask Mr Chancellor of the Exchequer, what the objectives are of the negotiations on double taxation agreements with (a) Lesotho and (b) Malawi; and what (i) progress has been made and (ii) outcomes have been reached in those negotiations.

Photo of Steve McCabe Steve McCabe Labour, Birmingham, Selly Oak

To ask Mr Chancellor of the Exchequer, what the objectives are of the negotiations on double taxation agreements with the UAE; and (a) what progress has been made and (b) what outcomes have been reached in those negotiations.

Photo of Steve McCabe Steve McCabe Labour, Birmingham, Selly Oak

To ask Mr Chancellor of the Exchequer, what the objectives are of the negotiations on double taxation agreements with (a) Guernsey, (b) Isle of Man and (c) Jersey; and what (i) progress has been made and (ii) outcomes have been reached in those negotiations.

Photo of Jane Ellison Jane Ellison The Financial Secretary to the Treasury

By governing the taxation of cross-border income flows in a predictable manner and eliminating double taxation and excessive taxation, tax treaties promote international trade and investment, leading to sustainable tax revenues, which are vital in financing development. In addition they serve an Exchequer protection role by including provisions to combat tax avoidance and evasion- partly by measures providing for the exchange of information between revenue authorities. A tax treaty can only be concluded if its terms are acceptable to both countries.

Details of the countries with which the UK is negotiating are published by HM Revenue and Customs, but the texts of agreements are not published until they are signed.

Negotiations with Lesotho have been concluded and the treaty awaits signature and that with Malawi has been substantially agreed. Protocols with Guernsey, Jersey and the Isle of Man to correct a defect relating to income from property and a full treaty with the UAE have been concluded and the necessary Orders in Council were made on 13 July. Negotiations for full revision of the treaties with Guernsey, Jersey and the Isle of Man are underway.

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