Taxes Consolidation Act 1997 section 817Z

Scope of application

Section 817Z sets out the commencement dates for the withholding tax rules on outbound payments of interest, royalties, or distributions contained in Chapter 5 of Part 33.

• The Chapter applies to payments of interest or royalties, or distributions, made on or after 1 April 2024.
• A later start date of 1 January 2025 applies where arrangements were already in place on or before 19 October 2023.
• The transitional relief for pre-existing arrangements covers payments of interest, royalties, and distributions alike.
• Once the relevant commencement date is reached, the full Chapter 5 withholding tax regime applies to qualifying payments.