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HMRC has published the ‘synthesised’ text of the UK’s double taxation convention with Australia, as modified by the BEPS multilateral instrument (MLI). The MLI came into force for the UK on 1 October 2018 and for Australia on 1 January 2019.

The modifications made by the MLI are effective in respect of the 2003 Australia-UK Double Taxation Convention for:

  • taxes withheld at source on amounts paid or credited to non-residents, from 1 January 2019;
  • Corporation Tax, from 1 April 2020;
  • Income Tax and Capital Gains Tax, from 6 April 2020; and
  • all other taxes levied by Australia, for taxable periods beginning on or after 1 July 2019.

Read more on the HMRC website here: