The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 No. 3186

SCHEDULE 2 U.K. EUROPEAN CROSS-BORDER MERGERS

PART 4 U.K. AMENDMENTS OF CAA 2001, FA 1988 AND ICTA

Residence of SCE U.K.

15.—(1) Section 66A of FA 1988 (residence of SE) M1 is amended as follows.

(2) For subsection (1) substitute—

“(1) This section applies in relation to—

(a) an SE which transfers its registered office to the United Kingdom (in accordance with Article 8 of Council Regulation (EC) 2157/2001 on the Statute for a European Company (Societas Europaea)), and

(b) an SCE which transfers its registered office to the United Kingdom (in accordance with Article 7 of Council Regulation (EC) 1435/2003 on the Statute for a European Cooperative Society (SCE)).”.

(3) In subsections (2) and (3) after “SE” insert “ or SCE ”.

(4) The heading accordingly becomes “ Residence of SE or SCE ”.

Marginal Citations

M1 Section 66A was inserted by section 60(1) of the Finance (No. 2) Act 2005.