2009 No. 3314
The Distributions (Excluded Companies) Regulations 2009
Made
Coming into force
The Treasury make the following Regulations in exercise of the powers conferred by section 931C(2)(b) and (6) of the Corporation Tax Act 200912.
In accordance with section 1310(4) of that Act, a draft of this instrument was laid before the House of Commons and approved by a resolution of that House.
Citation, commencement and effect1
1
These Regulations may be cited as the Distributions (Excluded Companies) Regulations 2009 and shall come into force on the day on which they are made.
2
These Regulations shall have effect for accounting periods which are current on the day on which these Regulations are made and for accounting periods which begin after that day.
Excluded companies2
1
A territory which satisfies section 931C(1)(a) and (b) is nevertheless not a qualifying territory for the purpose of section 931B3 in respect of the payer of the distribution if the payer is an excluded company.
2
For the purposes of this regulation, an excluded company is one which is excluded from one or more of the benefits of any double taxation relief arrangements for the time being in force in relation to that territory.
(This note is not part of the Regulations)