UK:
Spring Budget 2017 Analysis - Withholding Tax Exemption For Debt Traded On A Multilateral Trading Facility
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The measure
The government will introduce an exemption from withholding tax
for interest on debt traded on a multilateral trading facility.
Who will be affected?
Holders of debt trading on a multilateral trading facility.
When?
A consultation document will be published on 20 March 2017.
Our view
This measure, which removes a barrier to the development of UK
debt markets and increases liquidity in capital markets, is welcome
news.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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