Use form EUSD (SWT)1 to apply for a tax certificate from HM Revenue and Customs to prevent withholding tax being deducted from savings.
Guidance on the application process for the certificate and the form you need to make your application.
You can apply for a certificate if:
- you receive savings income paid by a paying agent established in a territory which will apply a withholding tax. These territories are Andorra, Austria, British Virgin Islands, Gibraltar, Guernsey, Isle of Man, Jersey, Liechtenstein, Luxembourg, Monaco, Netherlands Antilles, San Marino, Switzerland and Turks & Caicos Islands
- you wish to receive savings income without the deduction of withholding tax
- the territory has adopted this option as a method of avoiding withholding tax - your paying agent will be able to advise you which options are open to you