International movement of capital: Treasury consent and reporting requirements

Resource type: Practice note

Status: Maintained

Jurisdiction: United Kingdom

In certain circumstances, for events or transactions occurring or carried out before 1 July 2009, the consent of HM Treasury was required before a UK resident company could procure or allow a company over which it exercised control to transfer or issue shares or securities. With effect for events and transactions occurring or carried out on or after 1 July 2009, the Treasury consent rules have been repealed and replaced by a reporting requirement. This note discusses the situations in which Treasury consent was required, the process for obtaining it and the reporting rules that have superseded the Treasury consent regime.

James Ross, McDermott Will & Emery UK LLP

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  • Resource ID: 5-367-2970
  • Products:  PLC UK Tax
  • This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.
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