2020 No. 1649
The International Tax Enforcement (Disclosable Arrangements) (Amendment) (No. 2) (EU Exit) Regulations 2020
Made
Laid before the House of Commons
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 20191.
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 Commencement1
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 day2.
Amendment of the International Tax Enforcement (Disclosable Arrangements) Regulations 20202
1
The International Tax Enforcement (Disclosable Arrangements) Regulations 20203 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 DAC4 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.
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).
(This note is not part of the Regulations)