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HMRC internal manual

Double Taxation Relief Manual

From
HM Revenue & Customs
Updated
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Jersey: double taxation agreement, Article 12: Termination

This Arrangement shall continue in effect indefinitely but either of the Governments may. on or before the 30th day of June in any calendar year after the year 1952 give notice of termination to the other Government and, in such event, this Arrangement shall cease to be effective: -

  1. In the United Kingdom:
as respects income tax for any year of assessment beginning on or after the 6th April in the calendar year next following that in which the notice is given,  


as respects surtax for any year of assessment beginning on or after the6th April in the calendar year in which the notice is given; and   


as respects profits tax, in respect of the following profits-  


(i) profits arising in any chargeable accounting period beginning on or after the 1st April in the calendar year next following that in which the notice is given;  


(ii) profits attributable to so much of any chargeable accounting period falling partly before and partly after that date as falls after that date;  


(iii) profits not so arising or attributable by reference to which income tax is chargeable for any year of assessment beginning on or after the 6th April in that next following calendar year;  
  1. In Jersey:
as respects income tax, for any year of assessment beginning on or after the first day of January in the calendar year next following that in which such notice is given.