Finance Act 2015

Prospective

This section has no associated Explanatory Notes

7(1)Paragraph 21A (classification of territories) is amended as follows.U.K.

(2)Before sub-paragraph (1) insert—

(A1)A category 0 territory is a territory designated as a category 0 territory by order made by the Treasury.

(3)For sub-paragraph (2) substitute—

(2)A category 2 territory is a territory that is not any of the following—

(a)a category 0 territory;

(b)a category 1 territory;

(c)a category 3 territory.

(4)For sub-paragraph (7) substitute—

(7)An instrument containing (whether alone or with other provisions) the first order to be made under sub-paragraph (A1) may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.