Introduction of legislation to replace existing statutory concessions to provide indirect tax and duty reliefs for diplomatic missions.
Who will be affected?
Diplomatic missions, international bodies, visiting NATO forces and European research infrastructure consortia (ERICs).
To be introduced in Finance Bill 2012.
In respect of the first three categories, this measure looks to retain the current position. In respect of ERICs, the legislation will provide the UK tax relief envisaged by the EU ERIC Regulation.