Finance (No. 2) Act 2023 (c. 30)

Schedules

Schedule 23 U.K. Freeports and investment zones: consequential amendments

National Insurance Contributions Act 2022 U.K.

23 In section 2—

(a) in subsection (1)—

(i) for “The freeport conditions” substitute “The applicable conditions”,

(ii) in paragraph (a)(ii), for “5 April 2026” substitute “the applicable sunset date”, and

(iii) in paragraph (d), for “freeport tax site” substitute “special tax site”,

(b) after subsection (2) insert—

“(2A) For the purposes of this section “the applicable sunset date”, in relation to a special tax site, means —

(a) 5 April 2026, or

(b) such later date as may be specified under section 332(4)(b) of the Finance (No.2) Act 2023 as the applicable sunset date in relation to the site concerned for the purposes of the provisions mentioned in subsection (4) of that section.”,

(c) in subsection (4)(b), for “freeport tax site” substitute “special tax site”,

(d) for subsection (6) substitute—

“(6) The relevant end date is the last day of the period of three years beginning with the day after the applicable sunset date.”, and

(e) in the heading, for “Freeport conditions” substitute “Applicable conditions”.