Statutory Instruments
2006 No. 1453
INCOME TAX
The Tax Information Exchange Agreement (Taxes on Income) (Gibraltar) Order 2006
Made
7th June 2006
At the Court at Buckingham Palace, the 7th day of June 2006
Present,
The Queen’s Most Excellent Majesty in Council
In accordance with section 815C(3) of the Income and Corporation Taxes Act 1988( 1 ) a draft of this Order was laid before the House of Commons and approved by a Resolution of that House.
Accordingly Her Majesty, in exercise of the power conferred upon Her by section 815C of the Act of 1988, and of all other relevant enabling powers, is pleased, by and with the advice of Her Privy Council, to order as follows:—
Citation
1. This Order may be cited as the Tax Information Exchange Agreement (Taxes on Income) (Gibraltar) Order 2006.
Declaration about exchange of information
2. —(1) It is declared that the arrangements specified in the Agreement set out in the Schedule to this Order have been made with the Government of Gibraltar with a view to the exchange of information foreseeably relevant to the administration or enforcement of—
(a) the domestic laws of the United Kingdom concerning income tax, capital gains tax and corporation tax; and
(b) the laws of Gibraltar concerning taxes imposed by Gibraltar which are of a similar character to any of those taxes.
(2) It is further declared that it is expedient that the arrangements referred to in paragraph (1) should have effect.
Alex Galloway
Clerk of the Privy Council
Article 2
SCHEDULE 1 AGREEMENT ON THE TAXATION OF SAVINGS INCOME BETWEEN GIBRALTAR AND THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
1988 c. 1 . Section 815C was inserted by section 146(1) of the Finance Act 2000 (c. 17) and amended by section 88(2) of the Finance Act 2002 (c. 23) and section 198 of the Finance Act 2003 (c. 14) .