European Directive on Interest and Royalties

As announced on 16th April the Government will be consulting later in the year on the European Directive on Interest and Royalties. The text of Directive can be accessed on the Council of the European Union website.

The Interest and Royalties Directive is part of the Tax Package adopted by EU Finance Ministers on 3 June 2003. The other elements of the package are the Savings Directive and the Code of Conduct.