UK Tax Agreements In Force

by Robert Lee, Tax-News.com, London

12 January 2011

Tax agreements between the UK and Gibraltar, the Cayman Islands and Germany have recently entered into force, the UK tax authority, HM Revenue and Customs, has announced.

A Tax Information Exchange Agreement between the UK and Gibraltar signed in London on August 24, 2009 and in Gibraltar on August 27, 2009 entered into force on December 15, 2010. The provisions of the Agreement will take effect in the UK and Gibraltar in respect of requests relating to criminal tax matters on the date of entry into force; and for all other requests, in relation to taxable periods beginning on or after the date of entry into force or, where there is no taxable period, for all charges to tax arising on or after that date.

A Double Taxation Arrangement between the UK and the Cayman Islands for the avoidance of double taxation and the prevention of fiscal evasion signed in London on June 15, 2009 entered into force on December 20, 2010. The provisions of the arrangement will take effect in the UK and the Cayman Islands for any income tax year of assessment commencing on or after April 6, 2011.

A comprehensive Double Taxation Convention between the UK and Germany, which was signed in London on March 30, 2010, entered into force on December 30, 2010. In the UK the provisions of the Convention took effect from January 1, 2011 for taxes withheld at source, from April 1, 2011 for Corporation Tax purposes and from April 6, 2011 for Income Tax and Capital Gains Tax purposes. In Germany the provisions took effect from January 1, 2011.

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