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Other news in brief

Other news in brief

A round up of other news this week.

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Also on home.kpmg

The protocol to the UK’s double tax treaty with Switzerland entered into force on 16 July 2019. It takes effect in the UK from: 1 January 2020 for taxes withheld at source; 6 April 2020 for income tax and capital gains tax; and 1 April 2020 for corporation tax. This protocol inserts a new “Entitlement to benefits” article, which restricts the availability of income or capital gains benefits, if it is reasonable to conclude that obtaining that benefit was one of the principal purposes of the arrangement. Among other amendments, the protocol also replaces elements of the associated enterprises and mutual agreement procedure (MAP) articles to reflect the 2017 OECD Model Tax Convention.

© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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