The Designation of Freeport Tax Sites (Solent Freeport) Regulations 2022

Statutory Instruments

2022 No. 186

Income Tax

Corporation Tax

Stamp Duty Land Tax, England

The Designation of Freeport Tax Sites (Solent Freeport) Regulations 2022

Made

28th February 2022

Laid before the House of Commons

1st March 2022

Coming into force

22nd March 2022

The Treasury make the following Regulations in exercise of the powers conferred by section 113 of the Finance Act 2021(1).

The areas designated by these Regulations are either situated in a freeport or considered by the Treasury as being used, or likely to be used, for purposes connected with activities carried on, or likely to be carried on, in a freeport(2).

(1)

2021 c. 26.

(2)

“Freeport” is defined in section 113(5) of the Finance Act 2021 (“FA 2021”). The relevant freeport for this designation is the area known as the “Solent Freeport”, which comprises the areas identified edged in blue on the map entitled “Solent Freeport” and dated 21st February 2022, published with the consent of the Treasury for the purposes of section 113 of FA 2021. The map is available electronically at https://www.gov.uk/government/publications/maps-of-uk-freeports. A person unable to access the document electronically can arrange access to a hard copy by inspection free of charge at 1 Horse Guards Road, London SW1A 2HQ.