The Taxes (Amendments) (EU Exit) (No. 2) Regulations 2019

Income Tax Act 2007

6.—(1) The Income Tax Act 2007(1) is amended as follows.

(2) For section 274(4)(c)(2) substitute—

“(c) a Gibraltar regulated market within the meaning given by Article 26(11)(b)(i) of that Regulation.”.

(3) In section 564G(2A)(3), in the definition of “multilateral trading facility”—

(a) for paragraph (c) substitute—

“(c) a Gibraltar multilateral trading facility within the meaning given by Article 26(11)(b)(ii) of that Regulation.”;

(b) omit the words from “and in paragraph (c)” to the end.

(4) In section 987(2)(b)(4)—

(a) for sub-paragraph (iii) substitute—

“(iii) a Gibraltar multilateral trading facility within the meaning given by Article 26(11)(b)(ii) of that Regulation.”;

(b) omit the words from “and in sub-paragraph (iii)” to the end.

(1)

2007 c. 3.

(2)

Section 274(4) was inserted by paragraph 2 of Schedule 2 to the Finance (No. 3) Act 2010 (c. 33) and amended by S.I. 2017/701 and S.I. 2019/689.

(3)

Section 564G was inserted by paragraph 8 of Schedule 2 to the Taxation (International and Other Provisions) Act 2010 and relevantly amended by S.I. 2019/689.

(4)

Section 987(2) was inserted by section 34 of the Finance Act 2018 (c. 3) and amended by S.I. 2019/689.