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HMRC internal manual

Double Taxation Relief Manual

From
HM Revenue & Customs
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DT: Trinidad and Tobago: double taxation agreement, Article 29: Termination

This Convention shall remain in force until terminated by one of the Contracting States. Either Contracting State may terminate the Convention through the diplomatic channel, by giving notice of termination at least six months before the end of any calendar year beginning after the expiration of five years from the date of entry into force of the Convention. In such event, the Convention shall cease to have effect:

(a) in the United Kingdom:

(i) in respect of income tax, for any year of assessment beginning on or after 6 April in the calendar year next following that in which the notice is given;
(ii) in respect of corporation tax, for any financial year beginning on or after 1 April in the calendar year next following that in which the notice is given; and

(b) in Trinidad and Tobago:

(i) in respect of tax withheld at the source on amounts paid, credited or remitted to non-residents on or after 1 January, in the calendar year next following that in which the notice is given;
(ii) in respect of other Trinidad and Tobago tax for the year of income commencing 1 January, in the calendar year next following that in which the notice is given.