The Double Taxation Relief and International Tax Enforcement (Taxes on Income and Capital) (Slovenia) Order 2008

Made: 9th July 2008

At the Court at Buckingham Palace, the 9th day of July 2008Present,The Queen’s Most Excellent Majesty in Council

Accordingly, Her Majesty, in exercise of the powers conferred upon Her by section 788(1) of the Income and Corporation Taxes Act 1988 and section 173(1) of the Finance Act 2006, by and with the advice of Her Privy Council, orders as follows—

Citation

1

This Order may be cited as the Double Taxation Relief and International Tax Enforcement (Taxes on Income and Capital) (Slovenia) Order 2008.

Double taxation arrangements to have effect

2

It is declared that—

• (a) the arrangements specified in the Convention set out in Part 1 of the Schedule to this Order and in the Protocol set out in Part 2 of that Schedule have been made with the Government of the Republic of Slovenia with a view to affording relief from double taxation in relation to income tax, corporation tax and capital gains tax and taxes of a similar character imposed by the laws of the Republic of Slovenia;

• (b) those arrangements include provisions with respect to the exchange of information foreseeably relevant to the administration, enforcement or recovery of the taxes, and debts relating to the taxes, covered by the arrangements including, in particular, provisions about the prevention of fiscal evasion with respect to those taxes; and

• (c) it is expedient that those arrangements should have effect.

SCHEDULE

Signed

Judith Simpson — Clerk of the Privy Council

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

A Convention dealing with the avoidance of double taxation and fiscal evasion between the United Kingdom and the Republic of Slovenia (“the Convention”) is set out in the Schedule to this Order.

Article 2 makes a declaration as to the effect and content of arrangements set out in the Convention contained in Part 1 of the Schedule to the Order and in the Protocol contained in Part 2 of that Schedule and that it is expedient that those arrangements should have effect.

A detailed explanation of the Convention can be found in the Explanatory Memorandum published with the Convention and which may be accessed on the web site of the Office of Public Sector Information at http://www.opsi.gov.uk/stat.htm

The Convention will enter into force on the date of receipt of the later of the notifications by each country of the completion of its legislative procedures.

It will take effect in the United Kingdom—

• in respect of taxes withheld at source, to income derived on or after 1st January in the calendar year next following the year in which this Convention enters into force; and

• in respect of income tax and capital gains tax, for any year of assessment beginning on or after 6thApril in the calendar year next following that in which this Convention enters into force; and

• in respect of corporation tax, for any financial year beginning on or after 1stApril in the calendar year next following that in which this Convention enters into force.

It will take effect in the Republic of Slovenia—

• in respect of taxes withheld at source, to income derived on or after 1st January of the calendar year next following the year in which this Convention enters into force; and

• in respect of other taxes on income, and taxes on capital, to taxes chargeable for any taxable year beginning on or after 1st January of the calendar year next following the year in which this Convention enters into force (see Article 30 of the Convention).

The date of entry into force will, in due course, be published in the London, Edinburgh and Belfast Gazettes.

A full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.

Footnotes