On 13 September 2017, the Finance Bill 2018 draft legislation was published. There are few measures contained within the draft legislation that are likely to be of significant direct interest to UK corporates. However the publication has confirmed that, from April 2018 (and as previously announced), there will be no requirement to withhold tax from UK-source interest payments on securities traded on a multilateral trading facility (MTF) operated by an EEAregulated recognised stock exchange.

The draft legislation is open for consultation until 25 October 2017.