{
  "url": "https://openlegislation.uk/european-single-currency-taxes-regulations-1998/regulation-44",
  "json_url": "https://openlegislation.uk/european-single-currency-taxes-regulations-1998/regulation-44.json",
  "legislation": "uksi/1998/3177",
  "legislation_title": "The European Single Currency (Taxes) Regulations 1998",
  "legislation_url": "https://openlegislation.uk/european-single-currency-taxes-regulations-1998",
  "path": "regulation/44",
  "kind": "regulation",
  "number": "44",
  "heading": "Treatment of existing part trade elections in participating currencies",
  "text": "(1) Where prior to 1st January 1999, or, if later, prior to the date on which the euro is adopted by the participating member State concerned—\n(a) a company makes more than one election under regulation 4 for different parts of its trade,\n(b) the currency specified in each election—\n(i) as at 1st January 1999, is a participating currency, or\n(ii) as at the later date on which the euro is adopted by the participating member State concerned, is either a participating currency or the euro, and\n(c) the elections taken together cover the whole of the company’s trade,\nthe elections shall be treated on and after 1st January 1999 or, as the case may be, the later date referred to above, for the purposes of the 1994 Regulations, as if they together constituted a single election for the euro as well as for the participating currency concerned under regulation 3 in respect of the whole of the company’s trade.\n(2) Where prior to 1st January 1999 or, if later, prior to the date on which the euro is adopted by the participating member State concerned—\n(a) a company makes more than one election under regulation 4 for different parts of its trade,\n(b) the currency specified in more than one of its elections—\n(i) as at 1st January 1999, is a participating currency, or\n(ii) as at the later date on which the euro is adopted by the participating member State concerned, is either a participating currency or the euro, and\n(c) the elections taken together do not cover the whole of the company’s trade,\nall the elections referred to in sub-paragraph (b) shall be treated on and after 1st January 1999 or, as the case may be, the later date referred to above, for the purposes of the 1994 Regulations, as if they together constituted a single election for the euro as well as for the participating currency concerned under regulation 4 in respect of part of the company’s trade.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/3177/regulation/44",
    "retrieved_at": "2026-10-29T11:12:29.943459+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}