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The International Tax Enforcement (Gibraltar) Order 2014

Draft. This instrument was laid in draft and may differ from the one made. Look for the made version under its title.

Draft 2014, ISBN 9780111110553

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Draft Order in Council laid before the House of Commons under section 173(7) of the Finance Act 2006, for approval by resolution of that House.

Taxes

Made *****

At the Court at Buckingham Palace, the **** day of ***** 2014

Present,

The Queen’s Most Excellent Majesty in Council

A draft of this Order was laid before the House of Commons in accordance with section 173(7) of the Finance Act 2006f1 and approved by a resolution of that House.

Accordingly, Her Majesty, in exercise of the powers conferred upon Her by section 173(1) to (3) of the Finance Act 2006, by and with the advice of Her Privy Council, orders as follows—

Annotations to the whole text

Footnotes

f1

2006 c. 25.

Contents

  1. 1Citation
  2. 2International tax enforcement arrangements to have effect
  3. Signature
  4. Schedule
  5. 1Part 1
  6. 2Part 2
  7. Explanatory note

1Citation

This Order may be cited as the International Tax Enforcement (Gibraltar) Order 2014.

2International tax enforcement arrangements to have effect

It is declared that—

(a)

the arrangements specified in the Exchange of Letters set out in Part 1 of the Schedule to this Order and in the Agreement set out in Part 2 of that Schedule, which amend the arrangements set out in Parts 1 and 2 of the Schedule to the International Tax Enforcement (Gibraltar) Order 2010f1, have been made with the Government of Gibraltar;

(b)

the arrangements have been made with a view to the exchange of information foreseeably relevant to the administration or enforcement or recovery of the taxes covered by the arrangements; and

(c)

it is expedient that those arrangements should have effect.

Signature

name

Clerk of the Privy Council

1

2

Explanatory note

(This note is not part of the Order)

The Schedule to this Order contains arrangements comprising an Exchange of Letters and an Agreement (“the Arrangements”) amending the Agreement between the United Kingdom and Gibraltar for the exchange of information relating to tax matters (“the 2009 Agreement”). The 2009 Agreement was scheduled to the International Tax Enforcement (Gibraltar) Order 2010 (S.I. 2010/2680). This Order gives effect to the Arrangements.

Article 2 makes a declaration that it is expedient that the Arrangements should have effect.

The Arrangements relate to the exchange of information in tax matters and adds new Articles 5A and 5B to the 2009 Agreement to allow for the automatic and spontaneous exchange of information.

The Arrangements will enter into force on the date of the later of the notifications by each territory of the completion of its legislative procedures and take effect for information exchanged on or after that date.

The date of entry into force will, in due course, be published in the London, Edinburgh and Belfast Gazettes.

A Tax Information and Impact Note has not been produced for this Order as it gives effect to a previously announced policy to enact a tax information exchange agreement.