The Taxes (Definition of Charity) (Relevant Territories) (Amendment) Regulations 2014

CitationSI 2014/1807
JurisdictionEngland & Wales

2014No. 1807

CHARITIES

INCOME TAX

CAPITAL GAINS TAX

CORPORATION TAX

VALUE ADDED TAX

INHERITANCE TAX

STAMP DUTY

STAMP DUTY LAND TAX

STAMP DUTY RESERVE TAX

ANNUAL TAX ON ENVELOPED DWELLINGS

The Taxes (Definition of Charity) (Relevant Territories) (Amendment) Regulations 2014

9thJuly2014

10thJuly2014

31stJuly2014

The Commissioners for Her Majesty's Revenue and Customs make the following Regulations in exercise of the powers conferred by paragraph 2(3)(b) of Schedule 6 to the Finance Act 2010( 1):

Citation and commencement

1. These Regulations may be cited as the Taxes (Definition of Charity) (Relevant Territories) (Amendment) Regulations 2014 and come into force on 31st July 2014.

Amendment of the Taxes (Definition of Charity) (Relevant Territories) Regulations 2010

2. In the Schedule to the Taxes (Definition of Charity) (Relevant Territories) Regulations 2010( 2), after "The Republic of Iceland" insert "The Principality of Liechtenstein".

Jim Harra

Edward Troup

Two of the Commissioners for Her Majesty's Revenue and Customs

9th July 2014

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations, which come into force on 31st July 2014, amend the Taxes (Definition of Charity) (Relevant Territories) Regulations 2010 ( S.I. 2010/1904). They add the Principality of Liechtenstein to the list of relevant territories for the purposes of Schedule 6 to the Finance Act 2010 (c.13). Where a body of persons or trust falls to be subject to the control of a court under the law of a relevant territory, it will meet the jurisdiction condition for the purposes of the definition of "charity" in paragraph 1 of Schedule 6. The jurisdiction condition is one of four conditions which a body of persons or trust must meet in order for the body of persons or trust and its donors to be eligible for United Kingdom charitable tax reliefs.

A Tax Information and Impact Note has not been prepared for this Instrument...

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