The Double Taxation Relief (Manufactured Overseas Dividends) (Amendment) Regulations 1995

• Citation: S.I. 1995/1551
• Sections: 4

Section 1 Citation and commencement

These Regulations may be cited as the Double Taxation Relief (Manufactured Overseas Dividends) (Amendment) Regulations 1995 and shall come into force on 1st July 1995.

Section 2 Interpretation

In these Regulations “the principal Regulations ” means the Double Taxation Relief (Taxes on Income) (General) (Manufactured Overseas Dividends) Regulations 1993 , and “regulation 3” means regulation 3 of those Regulations.

Section 3 Amendments to the principal Regulations

For paragraphs (2) and (3) of regulation 3 there shall be substituted the following paragraph—

(2) The condition specified in this paragraph is that a person to whom or for whose benefit the payment is made—

(a) is resident in a territory with the government of which the United Kingdom has made arrangements having effect under section 788 of the Taxes Act, and is not resident in the United Kingdom, and

(b) is entitled in respect of the payment to the benefit of an article of those arrangements providing for exemption from United Kingdom tax in respect of income not expressly mentioned in other articles of those arrangements.

Section 4 Amendments to the principal Regulations

In paragraph (4) of regulation 3—

(a) for paragraph (i) of sub-paragraph (a) and the word “and” immediately following it there shall be substituted—

(i) a certificate given, on a form provided or authorised by the Board, by a person referred to in paragraph (2) above who is beneficially entitled to the manufactured overseas dividend, in which that person certifies that he is so beneficially entitled, and

(b) in paragraph (ii) of sub-paragraph (a) for “(3)” there shall be substituted “(2)”.