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Detail of outcome
We received 21 written responses mainly from law firms, accounting firms, market operators and representatives and would like to thank everyone who contributed.
This response summarises the submissions received to the consultation and accompanies the publication of the legislation “Offshore Receipts in respect of Intangible Property”.
We have also published draft legislation, a supporting explanatory note and a tax information and impact note.
A full draft of the legislation will be published with the rest of the Finance Bill 2018-19 and will include the outstanding paragraphs of the Schedule covering payment notices and appeals against assessments.
The government will introduce legislation in Finance Bill 2018 to 2019 that broadens the circumstances in which certain payments made to non-UK residents have a liability to Income Tax. These changes will take effect from April 2019.
The consultation focuses on the design of that legislation.