BAILII is celebrating 24 years of free online access to the law! Would you consider making a contribution?
No donation is too small. If every visitor before 31 December gives just £1, it will have a significant impact on BAILII's ability to continue providing free access to the law.
Thank you very much for your support!
 |
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback] | |
United Kingdom Statutory Instruments |
||
|
You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The International Tax Enforcement (Gibraltar) Order 2014 No. 1356 URL: http://www.bailii.org/uk/legis/num_reg/2014/uksi_20141356_en_1.html |
||
[New search] [Printable PDF version] [Help]
Statutory Instruments
Taxes
Made
27th May 2014
At the Court at Buckingham Palace, the 27th day of May 2014
Present,
The Queen's Most Excellent Majesty in Council
A draft of this Order was laid before the House of Commons in accordance with section 173(7) of the Finance Act 2006(1) and approved by a resolution of that House.
Accordingly, Her Majesty, in exercise of the powers conferred upon Her by section 173(1) to (3) of the Finance Act 2006, by and with the advice of Her Privy Council, orders as follows-
1. This Order may be cited as the International Tax Enforcement (Gibraltar) Order 2014.
2. It is declared that-
(a)the arrangements specified in the Exchange of Letters set out in Part 1 of the Schedule to this Order and in the Agreement set out in Part 2 of that Schedule, which amend the arrangements set out in Parts 1 and 2 of the Schedule to the International Tax Enforcement (Gibraltar) Order 2010(2), have been made with the Government of Gibraltar;
(b)the arrangements have been made with a view to the exchange of information foreseeably relevant to the administration or enforcement or recovery of the taxes covered by the arrangements; and
(c)it is expedient that those arrangements should have effect.
Ceri King
Deputy Clerk of the Privy Council
Article 2
(This note is not part of the Order)
The Schedule to this Order contains arrangements comprising an Exchange of Letters and an Agreement ("the Arrangements") amending the Agreement between the United Kingdom and Gibraltar for the exchange of information relating to tax matters ("the 2009 Agreement"). The 2009 Agreement was scheduled to the International Tax Enforcement (Gibraltar) Order 2010 (S.I. 2010/2680). This Order gives effect to the Arrangements.
Article 2 makes a declaration that it is expedient that the Arrangements should have effect.
The Arrangements relate to the exchange of information in tax matters and adds new Articles 5A and 5B to the 2009 Agreement to allow for the automatic and spontaneous exchange of information.
The Arrangements will enter into force on the date of the later of the notifications by each territory of the completion of its legislative procedures and take effect for information exchanged on or after that date.
The date of entry into force will, in due course, be published in the London, Edinburgh and Belfast Gazettes.
A Tax Information and Impact Note has not been produced for this Order as it gives effect to a previously announced policy to enact a tax information exchange agreement.
