Statutory Instruments
Capital Gains Tax
Corporation Tax
Excise
Income Tax
Inheritance Tax
Value Added Tax
Made
11th November 2015
At the Court at Buckingham Palace, the 11th day of November 2015
Present,
The Queen's Most Excellent Majesty in Council
A draft of this Order was laid before the House of Commons in accordance with section 173(7) of the Finance Act 2006(1) and approved by a resolution of that House.
Accordingly, Her Majesty, in exercising the powers conferred upon Her by section 173(1) to (3) of the Finance Act 2006, by and with the advice of Her Privy Council, orders as follows-
1. This Order may be cited as the International Tax Enforcement (Brazil) Order 2015.
2. It is declared that-
(a)the agreement set out in the Schedule to this Order has been made with the Government of the Federative Republic of Brazil with a view to the exchange of information foreseeably relevant to the administration or enforcement or recovery of the taxes, and debts relating to the taxes, covered by the agreement; and
(b)it is expedient that the agreement should have effect.
Richard Tilbrook
Clerk of the Privy Council
Article 2
(This note is not part of the Order)
The Schedule to this Order contains an agreement ("the Agreement") dealing with the exchange of information for tax purposes between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the Federative Republic of Brazil. This Order brings the Agreement into effect.
Article 1 provides for citation.
Article 2 makes a declaration as to the effect and content of the Agreement.
The Agreement provides for the exchange of information foreseeably relevant to the administration or enforcement of the taxes covered by the Agreement by the revenue authorities of the two countries. Information will be exchanged in accordance with the provisions of the Agreement.
The Agreement will enter into force on the date of the later of the notifications by each country of the completion of its legislative procedures.
The date of entry into force will, in due course, be published in the London, Edinburgh and Belfast Gazettes.
A Tax Information and Impact Note has not been prepared for this Order as it gives effect to a previously announced policy to enact a tax information exchange agreement.