Search Legislation

The International Tax Enforcement (Disclosable Arrangements) (Amendment) (No. 2) (EU Exit) Regulations 2020

 Help about what version

What Version

 Help about opening options

Opening Options

Status:

This is the original version (as it was originally made).

Statutory Instruments

2020 No. 1649

Exiting The European Union

Taxes

The International Tax Enforcement (Disclosable Arrangements) (Amendment) (No. 2) (EU Exit) Regulations 2020

Made

29th December 2020

Laid before the House of Commons

30th December 2020

Coming into force in accordance with regulation 1

The Treasury make the following Regulations in exercise of the power conferred by section 90(1)(a), (2) and (6) of the Finance Act 2019(1).

Further to section 90(7)(b) of that Act, the Prime Minister has notified the President of the European Council, in accordance with Article 50(3) of the Treaty on European Union, of the United Kingdom’s request to extend the period in which the Treaties shall still apply to the United Kingdom.

Citation and Commencement

1.  These Regulations may be cited as the International Tax Enforcement (Disclosable Arrangements) (Amendment) (No. 2) (EU Exit) Regulations 2020 and come into force on IP completion day(2).

Amendment of the International Tax Enforcement (Disclosable Arrangements) Regulations 2020

2.—(1) The International Tax Enforcement (Disclosable Arrangements) Regulations 2020(3) are amended as follows.

(2) In regulation 2—

(a)in paragraph (1), omit “member”—

(i)in the definition of “UK intermediary”, and

(ii)in the definition of “UK relevant taxpayer”, and

(b)at the end, insert—

(5) For the purposes of these Regulations, the DAC(4) is to be read as if—

(a)a reference to “Member State” were a reference to “State” in the following places—

(i)Article 2(1),

(ii)the second sentence of Article 2(2), in both places,

(iii)Article 3(18), in both places,

(iv)Article 3(21), in each place,

(v)Article 8ab(3), in each place,

(vi)Article 8ab(7), in each place, and

(vii)points (g) and (h) of Article 8ab(14), in both places,

(b)a reference to “Member States” were a reference to “States” in points (g) and (h) of Article 8ab(14), in both places,

(c)a reference to “Member State’s” were a reference to “State’s” in Article 2(1),

(d)in the first sentence of Article 2(2), the words from “covered” to “States” were omitted,

(e)in Article 2(4), after “levied within”, there were inserted “the United Kingdom or”,

(f)in Article 3(20), after “listed in”, there were inserted “category D of”,

(g)Article 3 included at the end—

26.  “State” means a Member State or the United Kingdom., and

(h)in Annex IV, Part 1 and hallmark categories A, B, C and E in Part II were omitted.

(3) In regulation 12, omit sub-paragraphs (a), (b) and (d).

(4) For “another”, substitute “a” in the following places—

(a)regulation 3(2)(a),

(b)regulation 4(2)(b),

(c)regulation 4(3)(a), and

(d)regulation 10(a).

Maggie Throup

Rebecca Harris

Two of the Lords Commissioners for Her Majesty’s Treasury

29th December 2020

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations amend the International Tax Enforcement (Disclosable Arrangements) Regulations 2020 (S.I. 2020/25) (the “principal Regulations”). The principal Regulations were made in order to implement Council Directive (EU) 2018/822 of 25 May 2018 (OJ No. L139, 5.6.2018, p1), amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (OJ No. L064, 11.3.2011, p1) (the “DAC”).

These Regulations amend the principal Regulations and modify the application of the DAC so that the principal Regulations continue to work following IP completion day and are aligned with the requirements of the Free Trade Agreement between the United Kingdom and the European Union.

A Tax Information and Impact Note was published on 13 January 2020 alongside the principal Regulations and is available on the website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins. It remains an accurate summary of the impacts that apply to this instrument.

(2)

“IP completion day” is defined in Schedule 1 to the Interpretation Act 1978 (c. 30) as having the same meaning as in the European Union (Withdrawal Agreement) Act 2020 (c. 1) (see section 39(1) to (5) of that Act). The definition of IP completion day was inserted by paragraph 12 of Part 2 of Schedule 5 to the European Union (Withdrawal Agreement) Act 2020 (c. 1).

(3)

S.I. 2020/25 amended by S.I. 2020/713.

(4)

“DAC” is defined in regulation 2(1) of S.I. 2020/25.

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