Statutory Instruments
2024 No. 1286
INCOME TAX
CORPORATION TAX
The Designation of Special Tax Sites (Anglesey Freeport) Regulations 2024
Made
4th December 2024
Laid before the House of Commons
5th December 2024
Coming into force
23rd January 2025
The Treasury make these Regulations in exercise of the powers conferred by section 113 of the Finance Act 2021( 1 ).
The areas designated by these Regulations are 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 Special Tax Sites (Anglesey Freeport) Regulations 2024 and come into force on 23rd January 2025.
(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 special tax sites
2. —(1) The following areas are designated as special areas( 3 ) for the purposes referred to in section 113(1) of the Finance Act 2021—
(a) the areas shown edged and hatched in red on the map entitled “Anglesey Prosperity Zone” and dated 20th May 2024( 4 );
(b) the area shown edged and hatched in red on the map entitled “Central Anglesey Tax Site: M-SParc” and dated 15th May 2024( 5 );
(c) the areas shown edged and hatched in red on the map entitled “Central Anglesey Tax Site: Llangefni Sites” and dated 13th November 2024( 6 ).
(2) The designations made by paragraph (1) take effect on 23rd January 2025.
Vicky Foxcroft
Jeff Smith
Two of the Lords Commissioners of His Majesty's Treasury
4th December 2024
2021 c. 26 . Section 113 was amended by section 331 of, and paragraph 19 of Schedule 23 to, the Finance (No. 2) Act 2023 (c. 30) .
“ 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 “Anglesey Freeport”, which is identified edged in blue on the map entitled “Anglesey Freeport Outer Boundary” and dated 13th November 2024, 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.
Areas so designated are known as “special tax sites” under section 113(3) of FA 2021. The maps referred to in the designations made by regulation 2(1) of these Regulations are all available electronically at www.gov.uk/government/publications/maps-of-anglesey-freeport-tax-sites . A person unable to access the documents electronically can arrange access to hard copies by inspection free of charge at 1 Horse Guards Road, London SW1A 2HQ.
The areas designated are known as the “Anglesey Prosperity Zone Tax Site”.
The area designated forms part of the tax site known as the “Central Anglesey Tax Site”.
The areas designated form part of the tax site known as the “Central Anglesey Tax Site”.