UK Companies Won't Benefit from Withholding Tax Relief on EU Interest Payments

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Companies in the UK will no longer be able to benefit from withholding tax on interest payments received from the EU in accordance with the EU Directive on Interest and Royalties (IRD) and the EU Parent and Subsidiary Directive (PSD). The UK government confirmed that this would happen if the country left the EU without concluding the agreement.

Nevertheless, recipients of interest payments from the UK located within the European Union will still be able to benefit from such advantages.