Entry into Force of the UK/Isle of Man Tax Information Exchange Agreement on 2 April 2009
A Tax Information Exchange Agreement and an Arrangement amending the 1955 Double Taxation Arrangement between the United Kingdom and the Isle of Man, signed in Douglas on 29 September 2008 entered into force on 2 April 2009. The text has been published as the Schedule to The Double Taxation Relief and International Tax Enforcement (Taxes on Income and Capital) (Isle of Man) Order 2009 (PDF 80K) (Statutory Instrument 2009 No 228), copies of which can be obtained from The Stationery Office. The text of the Order can also be accessed on the website of the Office of Public Sector Information.
Details of the debate by the First Delegated Legislation Committee of 19 January 2009 can be found in the The House of Commons Official Report following which the draft Order was approved by Parliament on 23 January 2009.
The provisions of the Agreement will take effect in the United Kingdom and the Isle of Man from 2 April 2009. The provisions of the Arrangement will take effect in the Isle of Man from 6 April 2009 and will take effect in the UK from 1 April 2010 for the purposes of Corporation Tax, and from 6 April 2009 for Income Tax purposes.
April 2009
