Chancellor Alistair Darling and Christine Lagarde, the French minister for
economy, industry and employment, have signed a comprehensive double taxation
convention for consideration by the House of Commons later this year.
Darling said the new convention represented ‘continued progress in our
efforts to modernise our network of double taxation conventions and marks a
valuable step forward with one of the UK’s most important trading and investment
partners’, according to
The convention will enter into force and replace the existing convention of
1968 after passing through the parliamentary systems of both countries.
A convention with France signed on 28 January 28, 2004 will now not be
presented to Parliament and will therefore not enter into force.
The latest edition of our 'Seven days in accountancy' quiz is here
HMRC taskforces have recovered more than £500m since they were launched five years ago
A thorough government review into the efficiency of HMRC is badly needed, the president of the ATT has claimed
HMRC's customer service has been slammed by the NAO, with critics adding that taxpayers have been "short changed" by the government department