Regulation 1 Citation, commencement and effect
These Regulations may be cited as the Offshore Funds (Tax) (Amendment No. 2) Regulations 2013 and come into force on 28th June 2013.
These Regulations have effect from that date subject to paragraphs (3) and (4).
The amendments made by regulations 3 to 8 and 12 do not apply in relation to a reporting period which ended before the date these Regulations come into force if—
no report has previously been made available under regulation 90 of the Offshore Funds (Tax) Regulations 2009f1 for that reporting period, and
the manager of the fund elects by notice in writing within 10 months of the end of that reporting period that those amendments should not apply.
The amendments made by regulations 9 and 10 do not apply in relation to interests in offshore funds acquired in a reporting period which began before 28th June 2013.
In this regulation, “reporting period” has the same meaning as in regulation 91 of the Offshore Funds (Tax) Regulations 2009.
Annotations
Footnotes
- f1
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S.I. 2009/3001, amended by S.I. 2011/1211; there are other amending instruments but none is relevant.