On 21 October 2019, HM Revenue & Customs published the English synthesized text of the United Arab Emirates - United Kingdom Income Tax Treaty (2016), displaying the modifications made to the treaty by the MLI. The text was prepared jointly by the competent authorities of the United Arab Emirates and the United Kingdom.
The United Kingdom and the United Arab Emirates deposited their instruments of ratification of the MLI on, respectively, 29 June 2018 and 29 May 2019. The MLI therefore entered into force on 1 October 2018 for the United Kingdom and on 1 September 2019 for the United Arab Emirates.
Unless stated otherwise in the synthesized text, the provisions of the MLI will generally have effect with respect to the United Arab Emirates - United Kingdom Income Tax Treaty (2016):
In the United Kingdom:
- for taxes withheld at source: from 1 January 2020; and
- from 1 April 2020 for corporation tax and from 6 April 2020 for income tax and capital gains tax.
In the United Arab Emirates:
- for taxes withheld at source: from 1 January 2020; and
- for other taxes for taxable periods beginning on or after 1 March 2020.