On 27 June 2016, UK HMRC published updated information on the pending royalty withholding tax reforms included in Finance Bill 2016. The measures provide additional obligations to deduct income tax at source from royalties paid to non-resident persons where either:
- Arrangements have been entered into which exploit the UK’s double taxation agreements (DTAs) in order to ensure that little or no tax is paid on royalties either in the UK or anywhere in the world;
- The category of royalty is not c…