TaxPersonal TaxPrimarolo moves to break European deadlock over withholding tax

Primarolo moves to break European deadlock over withholding tax

The government is today expected to try and break the deadlock with its European partners over the proposed EU withholding tax by proposing an information exchange system.

Disputes over the withholding tax directive, which proposes a minimum withholding tax on non-resident savings, have soured relations between the UK and other EU countries.

Other member countries say the directive is needed to cut down on tax evasion.

However, paymaster general Dawn Primarolo will today put forward proposals today for a system of automatic exchange of information to tackle evasion. This would involve routine disclosure of information from payers of interest to their domestic tax authority, which would be passed on to other tax authorities.

Agreement on witholding tax by June, EU finance ministers tell UK

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter