The Corporation Tax (Implementation of the Mergers Directive) Regulations 2009

Statutory instruments 2797 2009

Format:

Corporate Author:

Great Britain

Publisher:

TSO (The Stationery Office)

Enabling power: European Communities Act 1972, s. 2 (2). Issued: 21.10.2009. Made: 19.10.2009. Laid: 20.10.2009. Coming into force: 11.11.2009. Effect: 1988 c.1 amended. Territorial extent and classification: E/W/S/NI. General. EC note: These Regulations amend section 213(4) of the Income and Corporation Taxes Act 1988 (c.1.) (exempt distributions) to extend the same treatment to distributions involving member State companies as that applicable to distributions involving only UK companies in relation to certain distributions on de-merger. This is for the purposes of implementing Directive 90/434/EEC on cross border mergers of limited liability companies, as amended by Council Directive 2005/19/EC of 17 February 2005 amending Directive 90/434/EEC 1990 on the common system of taxation applicable to mergers, divisions, transfer of assets and exchanges of shares concerning companies of different member States