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Income Tax (Dividends And Interest)

Volume 720: debated on Tuesday 16 November 1965

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asked the Chancellor of the Exchequer what rate of Income Tax should, under his regulations, be deducted from dividends paid by United Kingdom companies on or after April, 1966, to residents in countries with which the United Kingdom has no double taxation treaty.


asked the Chancellor of the Exchequer what tax, under his regulations, is to be deducted on and after 6th April, 1966, on interest payment on intercorporate loans between wholly or partly owned United Kingdom subsidiary and foreign parent companies.

Income tax should be deducted at the standard rate, except where the company is authorised to pay in full under arrangements for the relief of double taxation.