Legal News

Finance Bill 2018—double taxation relief

Published on: 15 December 2017
Published by: LexisPSL
  • Finance Bill 2018—double taxation relief
  • Original news
  • What is the FB 2018 measure relating to DTR and PE losses?
  • In what scenario might the PE losses measure be relevant, and what mischief is it designed to address?
  • When does the PE losses measure come into effect?
  • What is the DTR TAAR?
  • What changes is FB 2018 making to the DTR TAAR?
  • Why do you think the government is changing the DTR TAAR now?
  • When do the DTR TAAR changes come into effect?

Article summary

Tax analysis: The Finance Bill 2018, aka the Finance (No 2) Bill 2017–19 (FB 2018) was published on 1 December 2017. FB 2018 contains the legislation for many of the tax measures that were announced by the government at Autumn Budget 2017 on 22 November. Two of its measures were double taxation relief (DTR) and permanent establishment (PE) losses (FB 2018, cl 30) and changes to the DTR targeted anti avoidance rule (TAAR) (FB 2018, cl 31). David Klass, partner at Gide Loyrette Nouel, looks at the legislation around these measures as set out in the FB 2018. or take a trial to read the full analysis.

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