INTM400020 | Interest and Royalty payments - legislation

The guidance does not apply to payments made on or after 1 June 2021

A comprehensive summary of the provisions of ITTOIA05/S757 to S767 (previously FA04/S97 to FA04/S106), the primary legislation implementing the EU Directive 2003/49/EC of 3 June 2003, can be found in the guidance at INTM367040. The Exemption From Tax For Certain Interest Payments Regulations 2004, or SI2004/2622, came into force on 1s t November 2004. These Regulations make provisions in relation to the issuing of exemption notices.

The Regulations deal with the processes of requesting, issuing and cancelling exemption notices, specify the information to be provided with requests for exemption, and cover appeals procedures, tax recovery and special relationships. They are mentioned as necessary in the body of this module. They are summarised at INTM367045.