Consultation outcome

Double Taxation Treaty Passport scheme review

• From: HM Revenue & Customs
• Published: 26 May 2016
• Last updated: 6 April 2017 — See all updates

This consultation has concluded

Download the full outcome

Double Taxation Treaty Passport scheme review - consultation response

PDF, 422 KB, 16 pages

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Detail of outcome

Key elements of the government’s response are:

• the scheme will be made available to all UK borrowers that have an obligation to deduct withholding tax, including UK partnerships, individuals and charities

• transparent entities (including partnerships) will be admitted to the scheme as lenders where all of the constituent beneficial owners of the income are entitled to the same treaty benefits under the same treaty

• sovereign wealth funds and pension funds who are utilising withholding tax treaty rates will be admitted into the scheme as lenders

The scheme’s terms, conditions and guidance are also available.

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Original consultation

Summary

A consultation on renewing and extending the scope of the Double Taxation Treaty Passport (DTTP) scheme.

This consultation ran from
9:30am on 26 May 2016 to 11:45pm on 12 August 2016

Consultation description

This consultation will enable HMRC to review the Double Taxation Treaty Passport (DTTP) scheme to ensure that it still meets the needs of UK borrowers and foreign investors. It also seeks views on extending the scope of the DTTP scheme to investors entitled to sovereign immunity from UK tax (“sovereign investors”), pension funds and other entities.

Documents

Double Taxation Treaty Passport scheme review

PDF, 560 KB, 34 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 26 May 2016
Last updated 6 April 2017 + show all updates

1. 6 April 2017

   Published the new Double Taxation Treaty Passport Scheme - Terms and Conditions and Guidance

2. 20 March 2017

   Summary of responses published

3. 26 May 2016

   First published.