Replaced by new DTA, which applies in UK from 1st April 2003 for
CT, 6th April 2003 for IT and 1st January 2004 for PRT. For US
withholding taxes it applies from 1st May 2003 and for other US
taxes from 1st January 2004. See DT19939U.
(1) This Convention shall remain in force indefinitely but
either of the Contracting States may, on or before 30 June in any
year after the year 1980, give to the other Contracting State,
through diplomatic channels, notice of termination and, in such
event, the present Convention shall cease to be effective:
(a) in respect of United States tax, for the taxable years
beginning on or after 1 January in the year next following that in
which such notice is given;
(b) (i) in respect of United Kingdom income tax and capital
gains tax, for any year of assessment beginning on or after 6 April
in the year next following that in which such notice is given;
(ii) in respect of United Kingdom corporation tax, for any
financial year beginning on or after 1 April in the year next
following that in which such notice is given;
(iii) in respect of United Kingdom petroleum revenue tax,
for any chargeable period beginning on or after 1 January in the
year next following that in which such notice is given.
(2) The termination of the present Convention shall not have
the effect of reviving any treaty or arrangement abrogated by the
present Convention or by treaties previously concluded between the
Contracting States.
