Statutory Instruments
2023 No. 348
Taxes
The International Organisations (Tax Exemptions Designation) Order 2023
Made
21st March 2023
The Treasury, in exercise of the powers conferred by section 126(1) of the Finance Act 1984( 1 ), section 265(1) of the Taxation of Chargeable Gains Act 1992( 2 ), section 73A(1) of the Finance Act 2004( 3 ), section 774(5) of the Income Tax (Trading and Other Income) Act 2005( 4 ) and section 979(1) of the Income Tax Act 2007( 5 ), make the following Order:
Citation I1
1. This Order may be cited as the International Organisations (Tax Exemptions Designation) Order 2023.
Designation of international organisations I2
2. —(1) The international organisations specified in [F1 paragraph (3) F1] are designated for the purposes of—
(a) section 126 of the Finance Act 1984,
(b) section 265 of the Taxation of Chargeable Gains Act 1992, and
(c) section 774 of the Income Tax (Trading and Other Income) Act 2005.
(2) The international organisations specified in [F2 paragraphs F2] (3)(b) and (3)(c) are designated for the purposes of section 979 of the Income Tax Act 2007.
(3) The international organisations are—
(a) the Caribbean Development Bank, established by an agreement dated 18 October 1969( 6 ),
(b) the Asian Infrastructure Investment Bank, established by an agreement dated 29th June 2015( 7 ), and
(c) the Inter-American Investment Corporation, established by an agreement dated 19th November 1984( 8 ).
(4) The European Bank for Reconstruction and Development, established by an agreement dated 29th May 1990( 9 ), is designated for the purposes of section 73A of the Finance Act 2004.
Andrew Stephenson
Scott Mann
Two of the Lords Commissioners of Her Majesty’s Treasury
21st March 2023
1984 c. 43 ; section 126 was amended by section 96 of the Finance Act 1985 (c. 54) , section 844 of and Schedule 31 to the Income and Corporation Taxes Act 1988 (c. 1) , section 114(1), section 132 of and Part VI of Schedule 19 to the Finance Act 1990 (c. 29) , paragraph 1 of Schedule 12 to the Taxation of Chargeable Gains Act 1992 (c. 12) , paragraph 4 of Schedule 16 to the Finance Act 1999 (c. 16) and article 4(1) of the Treaty of Lisbon (Changes in Terminology) Order 2011 ( S.I. 2011/1043 ).
1992 c. 12 ; section 265 was amended by paragraph 3(2) of Schedule 4 to Finance (No. 2) Act 2005 (c. 22) .
2004 c. 12 ; section 73A inserted by paragraph 461 of Schedule 1 to the Income Tax Act 2007 (c. 3) .
2005 c. 5 ; section 774 was amended by article 4(1) of the Treaty of Lisbon (Changes in Terminology) Order 2011.
Cmnd 4358.
Cm 9198.
Cm 9659.
Cm 1670.