PART 2Amendments to primary legislation
Taxes Management Act 1970I12
1
The Taxes Management Act 19703 is amended as follows.
2
In the italic cross-heading before section 12A, at the beginning insert “UK Economic Interest Groupings4 and”.
3
In section 12A5—
a
in the heading, at the beginning insert “UK Economic Interest Groupings and”;
b
for subsection (1) substitute—
1
In this section “grouping” means—
a
a UK Economic Interest Grouping, or
b
a grouping registered in a member State and formed in pursuance of Council Regulation (EEC) No. 2137/85 of 25 July 1985 on the European Economic Interest Grouping6 as it has effect in EU law (a “European Economic Interest Grouping”).
c
in subsection (3) for “grouping which is registered in Great Britain or Northern Ireland or” substitute “UK Economic Interest Grouping, or a European Economic Interest Grouping that”;
d
in subsection (8) omit “in accordance with the Council Regulation”;
e
after subsection (9) insert—
10
The reference in subsection (8) to the individual or individuals designated as the representative of the manager is a reference—
a
in the case of a UK Economic Interest Grouping, to the individual or individuals designated in accordance with regulation 5(1) of the European Economic Interest Grouping Regulations 19897, and
b
in the case of a European Economic Interest Grouping, to the individual or individuals designated in accordance with Council Regulation (EEC) No. 2137/85 of 25 July 1985 on the European Economic Interest Grouping as it has effect in EU law.
4
In section 98B8—
a
in the heading, at the beginning insert “UK Economic Interest Groupings and”;
b
for subsection (1) substitute—
1
In this section “grouping” means—
a
a UK Economic Interest Grouping, or
b
a grouping registered in a member State and formed in pursuance of Council Regulation (EEC) No. 2137/85 of 25 July 1985 on the European Economic Interest Grouping as it has effect in EU law.