The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011
| Jurisdiction | UK Non-devolved |
| Citation | SI 2011/1431 |
| Year | 2011 |
2011 No. 1431
Corporation Tax
The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011
Made 7th June 2011
Laid before Parliament 8th June 2011
Coming into force 1st July 2011
The Treasury are a government department designated1for the purposes of section 2(2) of the European Communities Act 19722in relation to measures relating to the movement of capital and payments between Member States and between Member States and countries that are not Member States.
The Treasury make the following regulations in exercise of the powers conferred by section 2(2) of that Act.
Citation and commencement
1.—(1) These regulations may be cited as the Corporation Tax (Implementation of the Mergers Directive) Regulations 2011.
(2) These regulations come into force on 1st July 2011.
Amendment of the Taxation of Chargeable Gains Act 1992
2.—(1) The Taxation of Chargeable Gains Act 19923is amended as follows.
(2) In section 140H(2)(a)4(share exchanges: meaning of “company”) for “the Annex” substitute “Part A of Annex I”.
(3) In section 140L(1)5(interpretation of sections 140A to 140L)—
(a)
(a) in paragraph (a) from “90/434/EEC” to the end substitute “2009/133/EC,”, and
(b)
(b) in paragraphs (b) and (c) for “the Annex” substitute “Part A of Annex I”.
Amendment of the Finance Act 2007
3. In section 110(4) of the Finance Act 20076(Mergers Directive: regulations), in the definition of “the Mergers Directive” for “ 90/434/EEC” substitute “ 2009/133/EC”.
Amendment of the Corporation Tax Act 2009
4.—(1) The Corporation Tax Act 20097is amended as follows.
(2) In section 430(1) (interpretation: meaning of “company”) for “the Annex” substitute “Part A of Annex I”.
(3) In section 439(1) (interpretation), in the definition of “company” for “the Annex” substitute “Part A of Annex I”.
(4) In section 681(1) (interpretation: meaning of “company”) for “the Annex” substitute “Part A of Annex I”.
(5) In section 688(1) (interpretation), in the definition of “company” for “the Annex” substitute “Part A of Annex I”.
(6) In section 819(5)(a) (European cross-border transfers of business: introduction: meaning of “company”) for “the Annex” substitute “Part A of Annex I”.
(7) In section 823(5) (interpretation of sections 821 and 822: references to a company) for “the Annex” substitute “Part A of Annex I”.
(8) In section 1319 (other definitions), in the definition of “the Mergers Directive” from “(EEC)” to the end substitute “ 2009/133/EC,”.
Amendment of the Taxation (International and Other Provisions) Act 2010
5. In section 123 of the Taxation (International and Other Provisions) Act 20108(interpretation of sections 116 to...
To continue reading
Request your trial