ÀÏ˾»úÎçÒ¹¸£Àû

What is the quoted eurobond exemption?

The quoted eurobond exemption is an exemption from the obligation to withhold UK income tax from UK source payments of yearly interest on a debt security and is probably the most commonly relied-upon exemption for UK issuers of debt securities.

The quoted eurobond exemption disapplies the requirement to deduct tax from interest paid on registered or bearer securities that:

1. •

   are issued by a company

2. •

   carry a right to interest, and

3. •

   either:

   1. â—¦

      are listed on a recognised stock exchange (a list of recognised stock exchanges is found in HMRC guidance)—this is the limb of the quoted eurobond exemption that was available to interest paid before 1 April 2018 but is also available to interest paid on or after 1 April 2018, or

   2. â—¦

      are admitted to trading on a multilateral trading facility (MTF) operated by a recognised stock exchange regulated in the UK, the EEA or Gibraltar—this is this limb of the quoted eurobond definition that only applies to interest paid on or after