Get Custom Quotes, Info & More from Multiple Providers At Once.
LiquidityFinder
May 5, 2022

HMRC Officially Removes Moscow Exchange From HMRC's Recognised Stock Exchange List

May 05, 2022 - Further to the announcement by the UK tax authority HMRC last month, that it would revoke Moscow Exchange's 'Recognised' status, that status has been officially removed as of today, May 05.

This can be viewed on HMRC's website here where the following statement has been posted:

From 5 May 2022 the designation of the Moscow Exchange (formerly MICEX Stock Exchange) as a recognised stock exchange has been revoked.

Recognised stock exchange status is a classification given by HMRC for tax purposes, on application, to qualifying stock exchanges. Securities traded on a recognised stock exchange are eligible for certain tax treatments and reliefs.

As per the announcement on April 19, HMRC explains that "revoking recognised stock exchange status will limit the ability of people who have invested in assets traded on the MOEX to access certain UK tax reliefs which are contingent on that status – such as an exemption from withholding tax on interest bearing Qualifying Eurobonds and eligibility for inclusion in an Individual Savings Account."

The announcement from HMRC states that the revocation of the recognition, "comes alongside the unprecedented sanctions the UK Government has placed upon Russia because of their illegal invasion of Ukraine".

Require Some Guidance in Finding The Right Provider?

Let One of Our Experts Help!

Use the LiquidityFinder Match Matrix to find the right provider for your electrionic trading business!

Get Started

LiquidityFinder

LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.

If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at press@liquidityfinder.com.

Be First To Comment.
Featured News on LiquidityFinder
Latest News on LiquidityFinder

To personalize content, provide a optimal experience, tailor and measure engagement; the browsing, navigating and the continous use of this website means you agree to the Terms of Service, Privacy Policy & Security Policy of this website. Your choices on this website will be applied globally throughout the website.

LiquidityFinder & Our Partners

Your behavior, data and actions may be utilized to offer you optimal connections and services by approved and suitable providers fitting your account requirements and website actions. When contacting providers or initiating a provider request, match matrix or expert match review we may share necessary data to evaluate your compatability with our connected partners and suitable providers.