1. This Convention does not affect the tax privileges of members of diplomatic or permanent missions or consular representations, in accordance with the general rules of international law or the provisions of specific agreements. You may have to pay taxes in both the UK and another country if you live here and have income or profits abroad, or if you are a foreigner and have income or profits in the UK. This is called “double taxation.” We will explain how this can be done to you. In both countries, a double taxation convention is in domestic law. For example, if you are not based in the UK and you have bank interest in the UK, that income would be taxable in the UK as UK income under national law. However, if you live in France, the double taxation agreement between the United Kingdom and France stipulates that interest should only be taxable in France. This means that the UK must waive its right to tax these revenues. In this case, you would be entitled to HMRC (in practice, this would usually be done on a self-assessment return) to exempt INCOME from UK tax. Agreement between the Government of the Russian Federation and the Government of the Republic of Albania to avoid double taxation with regard to income and capital tax Since there are many rules and complications that can arise when trying to apply double taxation agreements, it is important to seek professional help from a qualified and experienced accountant. Certain types of British visitors are subject to special treatment under a double taxation agreement, such as students, teachers or overseas government officials. We contain a collection of global double taxation conventions in English (and other languages, if available) to assist members in their applications. If you`re having trouble finding a contract, call the application team on (0)20 7920 8620 or email us at firstname.lastname@example.org.
In another scenario, a double taxation agreement may provide that non-exempt income is calculated at a reduced rate.