Taxation (International and Other Provisions) Act 2010 section 136

Interpretation of Part

Section 136 defines key terms used throughout this Part of the Act, which deals with relief for special withholding tax on savings income levied by overseas territories under the EU Savings Directive or equivalent international arrangements.

• "Double taxation arrangements" are agreements given effect under section 2(1) to provide double taxation relief with territories outside the United Kingdom.
• "Special withholding tax" is a tax levied by an overseas territory on savings income, implementing either Article 11 of the EU Savings Directive (for EU member states such as Belgium, Luxembourg and Austria) or equivalent provisions in international arrangements with non-EU territories.
• "Savings income" takes its meaning from the definition of "interest payment" in the EU Savings Directive for EU member states, or the corresponding definition in the relevant international arrangements for other territories.
• Where this Part applies to capital gains tax, any terms that also appear in the Taxation of Chargeable Gains Act 1992 carry the same meaning as they have in that Act.