Regulation 3 Amendments to regulation 2

(1)

Amend regulation 2 (interpretation)^f1 as follows.

(2)

In paragraph (1)—

(a)

in the definitions of “approved United Kingdom collecting agent” and “approved United Kingdom intermediary” for “branch or agency” substitute “permanent establishment”;

(b)

omit the definition of “the Double Taxation Relief Regulations”^f2;

(c)

for the definition of “United Kingdom recipient” substitute—

““United Kingdom recipient” shall be construed in accordance with paragraph 4(3A) of Schedule 23A^f3.”.

(3)

After paragraph (2) add—

“(3)

In these Regulations references to a permanent establishment shall be read, in relation to accounting periods beginning before 1st January 2003, as references to a branch or agency.”.

Annotations

Footnotes

f1: Regulation 2 was relevantly amended by regulation 3(b) and (c) of S.I. 1996/1229 and regulation 3(1) of S.I. 1996/2643.
f2: The reference is to the Double Taxation Relief (Taxes on Income) (General) (Manufactured Overseas Dividends) Regulations 1993 (S.I. 1993/1957) which were amended by S.I. 1995/1551 and S.I. 1996/2654. All these regulations are revoked by S.I. 2003/2581 with effect from 1st November 2003.
f3: Paragraph 4(3A), together with paragraph 4(3B), was inserted by section 159(5) of the Finance Act 1996.