Regulation 2 Taxes Management Act 1970I1

United Kingdom

(1)

The Taxes Management Act 1970^f1 is amended as follows.

(2)

In the italic cross-heading before section 12A, at the beginning insert “UK Economic Interest Groupings^f2 and”.

(3)

In section 12A^f3—

(a)

in the heading, at the beginning insert “UK Economic Interest Groupings and”;

(b)

for subsection (1) substitute—

“(1)
In this section “grouping” means—

(a)
a UK Economic Interest Grouping, or

(b)
a grouping registered in a member State and formed in pursuance of Council Regulation (EEC) No. 2137/85 of 25 July 1985 on the European Economic Interest Grouping^f4 as it has effect in EU law (a “European Economic Interest Grouping”).”;

(c)

in subsection (3) for “grouping which is registered in Great Britain or Northern Ireland or” substitute “UK Economic Interest Grouping, or a European Economic Interest Grouping that”;

(d)

in subsection (8) omit “in accordance with the Council Regulation”;

(e)

after subsection (9) insert—

“(10)
The reference in subsection (8) to the individual or individuals designated as the representative of the manager is a reference—

(a)
in the case of a UK Economic Interest Grouping, to the individual or individuals designated in accordance with regulation 5(1) of the European Economic Interest Grouping Regulations 1989^f5, and

(b)
in the case of a European Economic Interest Grouping, to the individual or individuals designated in accordance with Council Regulation (EEC) No. 2137/85 of 25 July 1985 on the European Economic Interest Grouping as it has effect in EU law.”.

(4)

In section 98B^f6—

(a)

in the heading, at the beginning insert “UK Economic Interest Groupings and”;

(b)

for subsection (1) substitute—

“(1)
In this section “grouping” means—

(a)
a UK Economic Interest Grouping, or

(b)
a grouping registered in a member State and formed in pursuance of Council Regulation (EEC) No. 2137/85 of 25 July 1985 on the European Economic Interest Grouping as it has effect in EU law.” .

Annotations

Commencement

I1: Reg. 2 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1

Footnotes

f1: 1970 c. 9.
f2: See the European Economic Interest Grouping (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1299).
f3: Section 12A was inserted by paragraph 2 of Schedule 11 to the Finance Act 1990 (c. 29) and amended by paragraph 2 of Schedule 19 to the Finance Act 1994 (c. 9).
f4: OJ No. L 199, 31.07.1985, p.1.
f5: S.I. 1989/638; relevant amending instruments are S.I. 2009/2399, S.I. 2014/2382, S.I. 2018/1299.
f6: Section 98B was inserted by paragraph 3 of Schedule 11 to the Finance Act 1990.