Finance Act, 2002

Application of section 130 (matters to be treated as distributions) of Principal Act.

39.—Section 130 of the Principal Act is amended—

(a) in subsection (3)—

(i) in paragraph (b) by substituting “relevant Member State” for “Member State of the European Communities”,

(ii) in paragraph (c) (inserted by the Finance Act, 1999 ) by substituting “relevant Member State” for “Member State of the European Communities”, and

(iii) by inserting the following after paragraph (c) (inserted by the Finance Act, 1999 )—

“(d) For the purposes of this subsection and subsection (4)—

‘EEA Agreement’ means the Agreement on the European Economic Area signed at Oporto on 2 May 1992, as adjusted by the Protocol signed at Brussels on 17 March 1993;

‘EEA State’ means a state which is a contracting party to the EEA Agreement;

‘relevant Member State’ means—

(i) a Member State of the European Communities, or

(ii) not being such a Member State, an EEA State which is a territory with the government of which arrangements having the force of law by virtue of section 826 have been made.”,

and

(b) in subsection (4)(c) by substituting “relevant Member State” for “Member State of the European Communities”.