U.K. to Implement EU Double Tax Dispute Resolution System

The U.K. will implement a mandatory binding arbitration system for tax, which will govern how tax disputes with other EU countries are resolved post-Brexit.

Her Majesty’s Revenue and Customs in a policy paper Monday outlined its plan to implement the Union Arbitration Convention through regulations, which will provide a mechanism for European Union member countries to resolve tax disputes with the island nation.

• HMRC plans to publish the regulations by the end of this month. They will apply to questions in dispute relating to income or capital earned in a tax year beginning on or after Jan. 1, 2018. ...