This Statutory Instrument has been printed to correct errors in S.I. 2023/348 and is being issued free of charge to all known recipients of that Statutory Instrument.

2023 No. 748

Taxes

The International Organisations (Tax Exemptions Designation) (Amendment) Order 2023

Made

The Treasury, in exercise of the powers conferred by section 126(1) of the Finance Act 19841, section 265(1) of the Taxation of Chargeable Gains Act 19922, section 774(5) of the Income Tax (Trading and Other Income) Act 20053 and section 979(1) of the Income Tax Act 20074 make the following Order:

Citation1

This Order may be cited as the International Organisations (Tax Exemptions Designation) (Amendment) Order 2023.

Amendment of the International Organisations (Tax Exemptions Designation) Order 2023

2

The International Organisations (Tax Exemptions Designation) Order 20235 is amended as follows.

3

In article 2(1) for “paragraph (3)(a)” substitute “paragraph (3)”.

4

In article 2(2) for “paragraph” substitute “paragraphs”.

Stuart AndersonAmanda SollowayTwo of the Lords Commissioners of His Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Order)

This Order amends article 2(1) of the International Organisations (Tax Exemptions Designation) Order 2023 (S.I. 2023/348) (“the principal Order”).

Article 3 corrects an error in article 2(1) of the principal Order, which designates certain international organisations for the purposes of the provisions listed there. Article 3 ensures that all the international organisations specified in article 2(3) of the principal Order, including the Asian Infrastructure Investment Bank and Inter-American Investment Corporation, are designated for the purposes of the provisions listed in article 2(1) of the principal Order.

Article 4 makes a minor drafting amendment to article 2(2) of the principal Order.

A Tax Information and Impact Note has not been prepared in relation to these changes as they contain no substantive changes to tax policy.