Taxation
(asked on 6th July 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, which existing agreements on taxation jurisdictions of individuals will be affected by the UK leaving the EU.
This question was answered on 11th July 2016
The UK has more than 120 Double Taxation Agreements, including Agreements with EU Member States. These Agreements include provisions allocating between jurisdictions taxing rights over the income of individuals who are resident in one jurisdiction and have income from sources in the other. Because each of these Agreements is a bilateral treaty between the UK Government and the partner jurisdiction, which exists outside the framework of the EU and its governing treaties, they will not be affected by the UK’s withdrawal from the EU.
The UK has more than 120 Double Taxation Agreements, including Agreements with EU Member States. These Agreements include provisions allocating between jurisdictions taxing rights over the income of individuals who are resident in one jurisdiction and have income from sources in the other. Because each of these Agreements is a bilateral treaty between the UK Government and the partner jurisdiction, which exists outside the framework of the EU and its governing treaties, they will not be affected by the UK’s withdrawal from the EU.