OpenLegislation

The International Organisations (Miscellaneous Exemptions) Order 1992

S.I. 1992/2655 · Made 27 October 1992

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.

INCOME TAX

Made 27th October 1992

The Treasury, in exercise of the powers conferred on them by section 582A(1) of the Income and Corporation Taxes Act 1988f1, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

1988 c. 1; section 582A was inserted by section 118(1) of the Finance Act 1991 (c. 31).

Contents

  1. 1Article 1
  2. 2Article 2
  3. 3Article 3
  4. Signature
  5. Explanatory note

1

This Order may be cited as the International Organisations (Miscellaneous Exemptions) Order 1992.

2

The following international organisations are designated for the purposes of subsections (2) to (6) of section 582A of the Income and Corporation Taxes Act 1988 —

  • Asian Development Bank

  • International Bank for Reconstruction and Development

  • International Development Association

  • Multilateral Investment Guarantee Agency.

3

The following international organisations are designated for the purposes of subsections (3) and (5) of section 582A of the Income and Corporation Taxes Act 1988 —

  • African Development Bank.

  • European Investment Bank.

  • Inter-American Development Bank.

Signature

Tim Wood

Tim Boswell

Two of the Lords Commissioners of Her Majesty’s Treasury

27th October 1992

Explanatory note

(This note is not part of the Order)

This Order, made pursuant to section 582A(1) of the Income and Corporation Taxes Act 1988, enables certain payments made by or on behalf of the international organisations mentioned in articles 2 and 3 to be made without the obligation on the part of the payer to deduct or account for tax in respect of the payment. The payments in question are those referred to in certain subsections of section 582A, and comprise certain annuities and other annual payments, certain payments to sub-contractors and certain payments of rents, royalties, dividends and interest.