Statutory Instruments
2009 No. 3013
Capital Gains Tax
Corporation Tax
Income Tax
Inheritance Tax
Value Added Tax
The Double Taxation Relief and International Tax Enforcement (Virgin Islands) Order 2009
Made
17th November 2009
At the Court at Buckingham Palace, the 17th day of November 2009
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 that 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 and International Tax Enforcement (Virgin Islands) Order 2009.
Tax information exchange arrangements to have effect
2. It is declared that—
(a) the arrangements specified in the Exchange of Letters set out in Part 1 of the Schedule to this Order and in the Agreement set out in Part 2 of that Schedule have been made with the Government of the Virgin Islands with a view to the exchange of information foreseeably relevant to the administration or enforcement or recovery of the taxes, and debts relating to the taxes, covered by the arrangements including, in particular, provisions about the prevention of fiscal evasion with respect to those taxes; and
(b) it is expedient that those arrangements should have effect.
Double taxation arrangements to have effect
3. It is also declared that—
(a) the arrangements specified in the Exchange of Letters set out in Part 1 of the Schedule to this Order and in the Agreement set out in Part 3 of that Schedule have been made with the Government of the Virgin Islands with a view to affording relief from double taxation in relation to United Kingdom income tax and taxes of a similar character imposed by the laws of either party; and
(b) it is expedient that those arrangements should have effect.
Judith Simpson
Clerk of the Privy Council
Article 2
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) was amended by section 88(1) of the Finance Act 2002 (c. 23) . Subsection (10) was substituted by section 176 of the Finance Act 2006 (c. 25) .