# The Controlled Foreign Companies (Excluded Countries) (Amendment No. 2) Regulations 2002

S.I. 2002/2406 · made 19 September 2002

These Regulations amend the Controlled Foreign Companies (Excluded Countries) Regulations 1998 (S.I. 1998/3081: “the 1998 Regulations”).

Made under: Income and Corporation Taxes Act 1988 (Section 748)

PDFs: Printed copy https://openlegislation.uk/controlled-foreign-companies-excluded-countries-amendment-no-2-regulations-2002/pdf/uksi_20022406_en.pdf

## Introductory text

INCOME TAX
Made 19th September 2002
Laid before the House of Commons 20th September 2002
Coming into force 11th October 2002
The Commissioners of Inland Revenue in exercise of the powers conferred upon them by section 748(1)(e) and (1A) of the Income and Corporation Taxes Act 1988 hereby make the following Regulations:

## 1 Citation, commencement and effect

These Regulations may be cited as the Controlled Foreign Companies (Excluded Countries) (Amendment No. 2) Regulations 2002, shall come into effect on 11 October 2002 and shall have effect as respects accounting periods beginning on or after that date.

## 2 Amendment of the Controlled Foreign Companies (Excluded Countries) Regulations 1998

In Part 2 of Schedule 2 to the Controlled Foreign Companies (Excluded Countries) Regulations 1998 (specified territories with qualifications) omit the entry in respect of Ireland.

## Signature

Tim Flesher
Ann Chant
Two of the Commissioners of Inland Revenue
19th September 2002

## Explanatory note

(This note is not part of the Regulations)
These Regulations amend the Controlled Foreign Companies (Excluded Countries) Regulations 1998 (S.I. 1998/3081: “the 1998 Regulations”).
Regulation 1 provides for the citation, commencement and effect of these Regulations.
Regulation 2 amends Part 2 of Schedule 2 to the 1998 Regulations by omitting the entry in respect of Ireland in that Part. The effect of the amendment is that section 748(1)(e) of the Income and Corporation Taxes Act 1988 (c. 1) will not apply to a controlled foreign company resident in the Republic of Ireland.

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Source: https://www.legislation.gov.uk/uksi/2002/2406 (the official version)
Page: https://openlegislation.uk/controlled-foreign-companies-excluded-countries-amendment-no-2-regulations-2002
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.