At Spring Budget 2017, the government of United Kingdom announced its intention to introduce an exemption from withholding tax on interest for debt traded on Multilateral Trading Facilities (MTF), in order to make UK wholesale debt markets (that is, those focused on institutional investors) more competitive. The government also announced a consultation on the detailed implementation of the change.
On 20 March 2017, HMRC announced a consultation that runs to 12 June 2017.
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