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The Commonwealth Development Corporation (Exempt Period) (Appointed Day) Order 2003

S.I. 2003/1282 · Made 28 April 2003

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INTERNATIONAL DEVELOPMENT

Made 28th April 2003

The Secretary of State, in exercise of the powers conferred upon her by section 20 of, and paragraph 1(1) of Schedule 3 to, the Commonwealth Development Corporation Act 1999f1, hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

1999 c. 20.

Contents

  1. 1Citation
  2. 2Appointed day
  3. Signature
  4. Explanatory note

1Citation

This Order may be cited as the Commonwealth Development Corporation (Exempt Period) (Appointed Day) Order 2003.

2Appointed day

The day appointed as the day on which the exempt period shall begin is 1st May 2003.

Signature

Clare Short

Secretary of State for International Development

28th April 2003

Explanatory note

(This note is not part of the Order)

Paragraph 1 of Schedule 3 to the Commonwealth Development Corporation Act 1999 provides for an exempt period during which the Commonwealth Development Corporation will not be chargeable to corporation tax or tax by virtue of section 747(4)(a) of the Income and Corporation Taxes Act 1988 (1988 c. 1: section 747 provides for the imputation of chargeable profits and creditable tax of controlled foreign companies).

This Order appoints 1st May 2003 as the day that will begin the exempt period.

The Commonwealth Development Corporation changed its name to CDC Group plc with effect from 8th December 1999.