Search Legislation

The International Tax Enforcement (Bermuda) Order 2018

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Statutory Instruments

2018 No. 518

Taxes

The International Tax Enforcement (Bermuda) Order 2018

Made

24th April 2018

At the Court at Windsor Castle, the 24th day of April 2018

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) of the Finance Act 2006, by and with the advice of Her Privy Council, orders as follows—

Citation

1.  This Order may be cited as the International Tax Enforcement (Bermuda) Order 2018.

International tax enforcement arrangements to have effect

2.—(1) It is declared that—

(a)the arrangements specified in the Exchange of Letters set out in the Schedule to this Order replace the arrangements set out in the Schedule to the International Tax Enforcement (Bermuda) Order 2008(2);

(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, and debts relating to the taxes, covered by the arrangements; and

(c)it is expedient that those arrangements should have effect.

(2) Accordingly, those arrangements have effect immediately after this Order is made.

Revocation

3.  The International Tax Enforcement (Bermuda) Order 2008 is revoked.

Richard Tilbrook

Clerk of the Privy Council

Article 2

SCHEDULE

EXPLANATORY NOTE

(This note is not part of the Order)

An arrangement comprising an Exchange of Letters dealing with the exchange of information for tax purposes between the United Kingdom and the British Overseas Territory of Bermuda (“the 2017 Arrangement”) is set out in the Schedule to the Order.

A previous arrangement dealing with exchange of information for tax purposes between the United Kingdom and the British Overseas Territory of Bermuda was signed on 4 December 2007 (“the 2007 Arrangement”), and was set out in the Schedule to the International Tax Enforcement (Bermuda) Order 2008 (S.I. 2008 No.1789).

The 2017 Arrangement replaces the 2007 Arrangement and makes provision for automatic exchange of tax information, which was not provided for in the 2007 Arrangement.

The 2017 Arrangement was concluded on 27 June 2017 on the date of signature of the responding letter from Bermuda. The 2007 Arrangement was replaced on that date.

Article 2 makes a declaration that it is expedient that the 2017 Arrangement should have effect and provides that it has effect.

Article 3 revokes the International Tax Enforcement (Bermuda) Order 2008.

A Tax Information and Impact Note has not been produced as Tax Information Exchange Arrangements/Agreements (TIEAs) impose no obligations on taxpayers.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources