The International Organisations (Tax Exemptions Designation) (Amendment) Order, SI 2023/748, corrects an error in a previous Order (SI 2023/348) which had intended to designate several international organisations for the purposes of reliefs from various UK taxes. The drafting of the previous order had unintentionally limited such designation to the first organisation in a list of three. This new order makes a very small change to the original to ensure that all three are included in the same way. The international organisations in questions are the Caribbean Development Bank, the Asian Infrastructure Investment Bank and the Inter-American Investment Corporation. Minor errors in statutory instruments are routinely corrected by the issuing of a formal correction slip, but where the error changes the intended meaning of the legislation (as was the case here) a new piece of legislation is required to remedy the problem.
The International Organisations (Tax Exemptions Designation) (Amendment) Order, SI 2023/748, corrects an error in a previous Order (SI 2023/348) which had intended to designate several international organisations for the purposes of reliefs from various UK taxes. The drafting of the previous order had unintentionally limited such designation to the first organisation in a list of three. This new order makes a very small change to the original to ensure that all three are included in the same way. The international organisations in questions are the Caribbean Development Bank, the Asian Infrastructure Investment Bank and the Inter-American Investment Corporation. Minor errors in statutory instruments are routinely corrected by the issuing of a formal correction slip, but where the error changes the intended meaning of the legislation (as was the case here) a new piece of legislation is required to remedy the problem.
