United Kingdom Tax Agency Issues Guidance on Pensions Under DTA With Luxembourg

The United Kingdom HM Revenue and Customs March 27 updated tax guidance on pensions under the 2022 DTA with Luxembourg, for pension income received on or after Jan. 1, 2024. Topics covered include: 1) the 2022 DTA replaced the countries’ 1967 DTA and makes government and non-government service pensions that were only taxable in one country, taxable in the other, from Jan. 1, 2024; 3) under the 2022 DTA from Jan. 1, 2024, most private, occupational, and social security pensions are taxable not only in the country where the recipient is resident, but in the country paying the pension, unless ...