Withholding Tax - St. Lucia & UK

by **Ste;-)** on Mon Nov 14, 2011 1:56 pm

Dear all,

Has anyone any experiance in the withholding tax from St. Lucia.

is DTR available from St Lucia and how is it recovered on the CT600

any pointers in the right direction is much appreciated.

Steve

by **maths** on Mon Nov 14, 2011 3:37 pm

Not a CT600 man, but any foreign withholding tax is in principle creditable against the UK tax charge thereon under the UK's unilateral tax relief provisions (as there is no DTA with St Lucia except for the TIEA).

Unless HMRC have indicated that the St Lucian w/tax ranks as inadmissible.

by **Ste;-)** on Mon Nov 14, 2011 8:17 pm

Thanks maths,

DT16451 only states that income tax is admissable for credit unilaterally.

DT16457 states that underlying tax is allowable but it is my understanding that this is only on dividend tax

There is no mention of witholding tax

I suspect that their is now relief available - what are your thoughts.

Thanks
Ste

by **maths** on Mon Nov 14, 2011 8:55 pm

In general there is no tax called "withholding tax"; the term is colloquial and invariably refers to an amount which is withheld on payments to non-residents, such amount being an amount of income tax.

You should therefore get credit.