On 13 November 2015, the UK HMRC published a policy paper outlining its tax treaty and protocol negotiation plans for the coming year. In particular, HMRC will negotiate new treaties with:
- Nepal, which will be the first of its kind between the two countries;
- Romania, which will replace the 1975 income and capital tax treaty
- Trinidad and Tobago, which will replace the 1982 income tax treaty; and
- Uzbekistan, which will replace the 1993 income and capital tax treaty.
HMRC is also planning to …