Regulation 46 Consequential amendment

For paragraph (6) of regulation 18 (the charge to tax: further provisions) of the Offshore Funds Regulations M1, substitute—

“(6)

Nothing in regulation 17 of these Regulations applies to—

(a)

an authorised investment fund to which regulation 14ZB, 14ZD(1) or Part 6A of the Authorised Investment Fund (Tax) Regulations 2006 applies, or

(b)

an investment trust company to which regulation 43 or 45 of the Investment Trust (Approved Company) (Tax) Regulations 2011 apply.”.