Statutory Instruments
2011 No. 976
Capital Gains Tax
Income Tax
The Penalties, Offshore Income etc. (Designation of Territories) Order 2011
Made
28th March 2011
Coming into force
6th April 2011
The Treasury make the following Order in exercise of the powers conferred by paragraph 21A(1) to (4) of Schedule 24 to the Finance Act 2007(1).
In accordance with paragraph 21A(7) of Schedule 24 to that Act, a draft of this instrument was laid before the House of Commons and approved by a resolution of that House.
Citation and commencementI1
1. This Order may be cited as the Penalties, Offshore Income etc. (Designation of Territories) Order 2011 and comes into force on 6th April 2011.
Designation of territoriesI2,I3
2. The territories specified in the left hand column of the Table in the Schedule to this Order are designated as category 1 territories for the purposes of Schedule 24 to the Finance Act 2007(2) (penalties for errors).
3. The territories specified in the right hand column of the Table in the Schedule to this Order are designated as category 3 territories for the purposes of Schedule 24 to the Finance Act 2007.
Michael Fabricant
James Duddridge
Two of the Lords Commissioners of Her Majesty’s Treasury
28th March 2011
Articles 2 and 3
SCHEDULE I4
Designated Territories
| Category 1 territories | Category 3 territories |
|---|---|
Anguilla Aruba Australia Belgium Bulgaria Canada Cayman Islands Cyprus Czech Republic Denmark (not including Faroe Islands and Greenland) Estonia Finland France Germany Greece Guernsey Hungary Ireland Isle of Man Italy Japan Korea, South Latvia [F1 Liechtenstein F1] Lithuania Malta Montserrat Netherlands (not including Bonaire, Sint Eustatius and Saba) New Zealand (not including Tokelau) Norway Poland Portugal Romania Slovakia Slovenia Spain Sweden [F1 Switzerland F1] United States of America (not including overseas territories and possessions) | Albania Algeria Andorra F2 ... F2 ... F2 ... F2 ... F2 ... Bonaire, Sint Eustatius and Saba Brazil Cameroon Cape Verde Colombia Congo, Republic of the Cook Islands Costa Rica Curaçao Cuba Democratic People’s Republic of Korea F2 ... Dominican Republic Ecuador El Salvador Gabon F2 ... Guatemala Honduras Iran Iraq Jamaica Kyrgyzstan Lebanon Macau Marshall Islands F2 ... Micronesia, Federated States of Monaco Nauru Nicaragua Niue Palau Panama Paraguay Peru F2 ... F2 ... F2 ... F2 ... Seychelles Sint Maarten Suriname Syria Tokelau Tonga Trinidad and Tobago United Arab Emirates Uruguay |
2007 c. 11. Paragraph 21A of Schedule 24 to the Finance Act 2007 is inserted by paragraphs 1 and 5 of Schedule 10 to the Finance Act 2010 (c. 13) from a day to be appointed.
See also paragraph 6A(7) of Schedule 41 to the Finance Act 2008 (c. 9) (penalties: failure to notify and certain VAT and excise wrongdoing) and paragraph 6A(7) of Schedule 55 to the Finance Act 2009 (c. 10) (penalties for failure to make returns etc). Paragraph 6A(7) of Schedule 41 to the Finance Act 2008 and paragraph 6A(7) of Schedule 55 to the Finance Act 2009 are inserted by paragraphs 8 and 12, respectively, of Schedule 10 to the Finance Act 2010 from a day to be appointed.