DT6950 | Double Taxation Relief Manual: Faroes: agreements in force

Title: Convention between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the Faroes for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital Gains

Signed: 20 June 2007

Statutory Instrument number: SI 2007 No. 3469

Entered into force: 3 June 2008

Has effect:

• in Faroes from 1 January 2009

• in the UK, in respect of income tax and capital gains tax, from 6 April 2009; in respect of corporation tax, from 1 April 2009

The UK’s first convention with the Faroes arose through an extension (SI 1961/579) to the Faroes of the operation of the Danish Convention of 1950 (SI 1950/1195) (see DT5901). Further conventions (SI 1968/307, SI 1971/717 and SI 1975/2190) also extended to the Faroes the provisions of the conventions amending the 1950 Denmark convention. The convention and amending conventions were terminated, the termination taking effect in 1997.

The text of the convention currently in force can be found at the following link: Faroes tax treaties