The Qualifying Private Placement Regulations, SI 2015/2002, set out the detailed conditions for certain types of unlisted debt instrument to be treated as ‘qualifying private placements’ for the purposes of exemption from the requirement to withhold income tax from payments of yearly interest, wi
The Qualifying Private Placement Regulations, SI 2015/2002, set out the detailed conditions for certain types of unlisted debt instrument to be treated as ‘qualifying private placements’ for the purposes of exemption from the requirement to withhold income tax from payments of yearly interest, with effect from 1 January 2016. The conditions include relevant securities having a term not exceeding 50 years and a minimum value of £10m, and a requirement for creditor certificates. Primary legislation for the exemption was introduced in FA 2015.
Additionally, The Finance Act 2015, Section 23 (Appointed Day) Regulations, SI 2015/2035, appoint 1 January 2016 as the effective date for the exemption from the requirement to withhold income tax from payments of yearly interest on qualifying private placements, so far as not already brought into force by legislation introduced in FA 2015.
The Qualifying Private Placement Regulations, SI 2015/2002, set out the detailed conditions for certain types of unlisted debt instrument to be treated as ‘qualifying private placements’ for the purposes of exemption from the requirement to withhold income tax from payments of yearly interest, wi
The Qualifying Private Placement Regulations, SI 2015/2002, set out the detailed conditions for certain types of unlisted debt instrument to be treated as ‘qualifying private placements’ for the purposes of exemption from the requirement to withhold income tax from payments of yearly interest, with effect from 1 January 2016. The conditions include relevant securities having a term not exceeding 50 years and a minimum value of £10m, and a requirement for creditor certificates. Primary legislation for the exemption was introduced in FA 2015.
Additionally, The Finance Act 2015, Section 23 (Appointed Day) Regulations, SI 2015/2035, appoint 1 January 2016 as the effective date for the exemption from the requirement to withhold income tax from payments of yearly interest on qualifying private placements, so far as not already brought into force by legislation introduced in FA 2015.
