Commentary

D1.240 Designated international organisations—exemption from withholding provisions

Corporate tax
Corporate tax | Commentary

D1.240 Designated international organisations—exemption from withholding provisions

Corporate tax | Commentary

D1.240 Designated international organisations—exemption from withholding provisions

International organisations which have been expressly designated1 are exempted from the requirement to deduct and account to HMRC for tax on certain payments of rent, dividends, annual interest and other annual payments2.

The exemption applies to international organisations of which the UK is a member which have been designated by Treasury order3. A Treasury order made for this purpose cannot be annulled by resolution of the House of Commons4.

The following payments made by a designated organisation are exempted from the requirement to deduct and account for basic rate income tax5:

  1.  

    (a)     annual payments and

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