Statutory Instruments
2007 No. 3465
income tax
corporation tax
capital gains tax
The Double Taxation Relief (Taxes on Income) (Switzerland) Order 2007
Made
12th December 2007
At the Court at Buckingham Palace, the 12th day of December 2007
Present,
The Queen’s Most Excellent Majesty in Council
A draft of this Order was laid before the House of Commons in accordance with section 788(10) of the Income and Corporation Taxes Act 1988( 1 ) and section 173(7) of the Finance Act 2006( 2 ) and approved by a resolution of the House.
Accordingly, Her Majesty, in exercise of the powers conferred upon Her by section 788(1) of the Income and Corporation Taxes Act 1988 and section 173(1) of the Finance Act 2006, by and with the advice of Her Privy Council, orders as follows–
Citation
1. This Order may be cited as the Double Taxation Relief (Taxes on Income) (Switzerland) Order 2007.
Double taxation arrangements to have effect
2. It is declared that —
(a) the arrangements specified in the Protocol set out in Part I of the Schedule to this Order and in the Exchange of Notes set out in Part II of that Schedule which vary the arrangements set out in the Schedule to the Double Taxation Relief (Taxes on Income) (Switzerland) Order 1978( 3 ) have been made with the Swiss Federal Council with a view to affording relief from double taxation in relation to income tax, corporation tax and capital gains tax and taxes of a similar character imposed by the laws of Switzerland;
(b) those arrangements include provisions with respect to the exchange of information foreseeably relevant to the administration or enforcement of the domestic laws of the United Kingdom and the laws of Switzerland concerning taxes covered by the arrangements including, in particular, provisions about the prevention of fiscal evasion with respect to those taxes; and
(c) it is expedient that those arrangements should have effect.
Judith Simpson
Clerk of the Privy Council
SCHEDULE
1988 c.1 ; section 788 was extended by section 277 of the Taxation of Chargeable Gains Act 1992 (c.12) . It has also been amended. The relevant amendments are as follows: Subsection (1) has been amended by section 88(1) of the Finance Act 2002 (c. 23) . Subsection (10) has been substituted by section 176 of the Finance Act 2006 (c. 25) .
S.I. 1978/1408 , amended by S.I. 1982/714 and 1994/3215