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STATUTORY INSTRUMENTS

2001 No. 3873

INCOME TAX

The Double Taxation Relief (Surrender of Relievable Tax Within a Group) (Amendment) Regulations 2001

  Made 4th December 2001 
  Laid before the House of Commons 4th December 2001 
  Coming into force 5th December 2001 

The Commissioners of Inland Revenue, in exercise of the powers conferred upon them by section 806H of the Income and Corporation Taxes Act 1988[1], hereby make the following Regulations:

Citation and commencement
     1. These Regulations may be cited as the Double Taxation Relief (Surrender of Relievable Tax Within a Group) (Amendment) Regulations 2001 and shall come into force on 5th December 2001.

Amendment of the Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001
     2. In regulation 10(2) of the Double Taxation Relief (Surrender of Relievable Tax Within a Group) Regulations 2001[2], omit "404,".


Nick Montagu

Dave Hartnett
Two of the Commissioners of Inland Revenue

4th December 2001


EXPLANATORY NOTE

(This note is not part of the Regulations)


These Regulations amend the Double Taxation Relief (Surrender of Relievable Tax Within A Group) Regulations 2001 (S.I. 2001/1163) by removing the rule that prevents a dual resident company from surrendering eligible unrelieved foreign tax. A dual resident company is one that in any accounting period is both resident in the United Kingdom and also within a charge to tax under the laws of a territory outside the United Kingdom.

Notes:

 [1] 1988 c. 1. Section 806H was inserted by paragraph 21(1) of Schedule 30 to the Finance Act 2000 (c. 17).back

[2] S.I. 2001/1163.back


ISBN 0 11 038970 0


 © Crown copyright 2001

Prepared 17 December 2001

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URL: http://www.bailii.org/uk/legis/num_reg/2001/20013873.html