Statutory Instruments
2022 No. 973
Income Tax
Corporation Tax
Stamp Duty Land Tax, England
The Designation of Freeport Tax Sites (Solent Freeport) (No. 2) Regulations 2022
Made
22nd September 2022
Laid before the House of Commons
23rd September 2022
Coming into force
14th October 2022
The Treasury make the following Regulations in exercise of the powers conferred by section 113 of the Finance Act 2021( 1 ).
The area designated by these Regulations is either situated in a freeport or considered by the Treasury as being used, or likely to be used, for purposes connected with activities carried on, or likely to be carried on, in a freeport( 2 ).
Citation, commencement and interpretation
1. —(1) These Regulations may be cited as the Designation of Freeport Tax Sites (Solent Freeport) (No. 2) Regulations 2022 and come into force on 14th October 2022.
(2) In these Regulations, a reference to an area “shown edged and hatched in red” on a map is a reference to the hatched area extending up to the red edging, but not including the red edging itself.
Designation of freeport tax site
(2) The designation made by paragraph (1) takes effect on 14th October 2022.
Craig Whittaker
Gareth Johnson
Two of the Lords Commissioners of His Majesty’s Treasury
22nd September 2022
“Freeport” is defined in section 113(5) of the Finance Act 2021 (“FA 2021”). The relevant freeport for this designation is the area known as the “Solent Freeport”, which comprises the areas identified edged in blue on the map entitled “Solent Freeport” and dated 23rd June 2022, published with the consent of the Treasury for the purposes of section 113 of FA 2021. The map is available electronically at https://www.gov.uk/government/publications/maps-of-uk-freeports . A person unable to access the document electronically can arrange access to a hard copy by inspection free of charge at 1 Horse Guards Road, London SW1A 2HQ.
The map entitled “Navigator Quarter Tax Site” and dated 8th June 2022 is available electronically at https://www.gov.uk/government/publications/maps-of-solent-freeport-tax-sites . A person unable to access the document electronically can arrange access to a hard copy by inspection free of charge at 1 Horse Guards Road, London SW1A 2HQ. The area designated is known as the “Navigator Quarter Tax Site”.
Areas so designated are known as “freeport tax sites” under section 113(3) of FA 2021.