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Budget Report, economy uk, budget economic, Treasury, Corporate Tax, Pensions, reform, R&D, Research and Development - ukbudget.com
 

Treaty financing applications

The Government has agreed that HMRC can expedite its procedures for agreeing relief from UK tax on loan interest paid to non-residents and extend the circumstances in which UK residents can enter into thin capitalisation agreements. A detailed announcement will be made later this Spring.
 

Our view
We await with interest further details on how these procedures will be introduced.