2024 No. 574
The Special Tax Sites (Applicable Sunset Date) Regulations 2024
Made
Laid before the House of Commons
Coming into force
The Treasury make these Regulations in exercise of the powers conferred by section 332(4) and (5) of the Finance (No. 2) Act 20231.
Citation and commencement1
1
These Regulations may be cited as the Special Tax Sites (Applicable Sunset Date) Regulations 2024 and come into force on 21st May 2024.
2
In these Regulations, “freeport” has the meaning given by section 113(5) of the Finance Act 20212.
Applicable sunset date2
1
The applicable sunset date in relation to a special tax site3 is—
a
30th September 2031, in relation to a special tax site connected to a freeport in England, and
b
30th September 2034, in relation to all other special tax sites.
2
A special tax site is connected to a freeport in England if—
a
it is situated within a freeport in England, or
b
it was considered by the Treasury at the time of designation as being used, or likely to be used, for purposes connected with activities carried on, or likely to be carried on, in a freeport in England.
(This note is not part of the Regulations)