UK Announces Programme Of Double Taxation Treaty Negotiations

by Jason Gorringe, Tax-News.com, London

19 July 2004

In its annual review of the country’s double taxation agreement network, the UK government last week announced details of its negotiating priorities for the coming months, which should involve the completion of treaties with several countries.

Under the programme of negotiations running up to March 31 2005, the UK plans to complete work on new treaties with Botswana, Georgia, Poland and Slovenia, whilst also progressing negotiations with the Cayman Islands, Greece, Iran, Luxembourg, Saudi Arabia and Serbia and Montenegro.

Additionally, plans are afoot for updated Double Taxation Agreements with Hungary, Italy and Macedonia.

Recent developments have also seen DTAs completed and signed with Australia, Canada, Mauritius, Chile, New Zealand and France.

Paymaster General Dawn Primarolo commented: "Bilateral double taxation agreements represent a well established approach for helping business deal with tax systems across borders and have an important role to play in facilitating trade and investment by streamlining the interfaces between national tax systems."

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