During 2025, HMRC paused their concessionary treatment for administrative errors relating to withholding tax on cross-border interest payments. The concession is paused while HMRC review the UK's procedures for claiming relief under a double tax treaty.
In this podcast, we discuss the background, the principles involved, and the practical implications of HMRC's decision to pause the concession and conduct the review.
For more, see our Briefing: Withholding the withholding tax concession HMRC pauses concession for errors when withholding tax on interest | Travers Smith
