This is the original version (as it was originally made). This item of legislation is currently only available in its original format. The electronic version of this UK Statutory Instrument has been contributed by Westlaw and is taken from the printed publication. Read more
This Supplementary Arrangement makes two amendments to the Arrangement which was made in 1947 and amended in 1968 between the United Kingdom and British Honduras (renamed Belize as from 1st June 1973).
The first follows the introduction of the new system of corporation tax in the United Kingdom, which, so far as it relates to dividends paid by a United Kingdom company to an overseas shareholder, came into operation on 6th April 1973. The Supplementary Arrangement provides that where a United Kingdom company pays a dividend to an individual resident in Belize or to a Belize company which controls less than 10 per cent of the voting power in the paying company, the recipient is, subject to certain conditions, to receive the tax credit to which an individual resident in the United Kingdom and in receipt of such a dividend would be entitled, less income tax at a rate not exceeding 15 per cent on the aggregate of the dividend and the tax credit.
The second amendment provides for double taxation relief to be given by the United Kingdom for tax which would have been payable in Belize but for relief granted under certain provisions of Belize law in order to encourage development.
The Supplementary Arrangement is to take effect in the United Kingdom for 1973/74 and subsequent years.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
