Part 1 Double Taxation Relief
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

SCHEDULE 8 Minor and Consequential Amendments

Section 374

Part 1 Double Taxation Relief

Taxes Management Act 1970 (c 9)

1

TMA 1970 is amended as follows.

2

In section 9A(4)(c) (scope of enquiries) for “section 804ZA of the principal Act (schemes and arrangements designed to increase relief)†substitute “section 81(2) of TIOPA 2010 (notice to counteract scheme or arrangement designed to increase double taxation relief)â€.

3

(1)     Amend section 12B (records to be kept for purposes of returns) as follows.

(2)     In subsection (4A)(c) (records of foreign tax: not sufficient to preserve the information in them) for sub-paragraph (ii) substitute—

“(ii)     which would have been payable under the law of a territory outside the United Kingdom (“territory Fâ€) but for a development relief.â€

(3)     After subsection (4A) insert—

“(4B)     In subsection (4A)(c) “development relief†means a relief—

(a)     given under the law of territory F with a view to promoting industrial, commercial, scientific, educational or other development in a territory outside the United Kingdom, and

(b)     about which provision is made in arrangements that have effect under section 2(1) of TIOPA 2010 (double taxation relief by agreement with territories outside the United Kingdom).â€

4

In

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