Article 27 - Entry into force - Great Britain and Northern Ireland (Old - Effective upto 10-02-1994)

ARTICLE 27 Entry into force Each of the Contracting States shall notify to the other the completion of the procedures required by its law for the bringing into force of this Convention. This Convention shall enter into force on the date of the later of these notifications and shall thereupon have effect: (a) in the United Kingdom of Great Britain and Northern Ireland: (i) in respect of income-tax and capital gains tax, for any year of assessment beginning on or after 6th April, in the calendar year next following that in which the later of the notifications is given; (ii) in respect of corporation tax, for any financial year beginning on or after 1st April, in the calendar year next following that in which the later of the notifications is given; (iii) in respect of petroleum revenue tax, for any chargeable period beginning on or after 1st January, in the calendar year next following that in which the later of the notifications is given; (iv) in respect of development land tax, for any realised development value accruing on or after 1st April, in the calendar year next following that in which the later of the notifications is given; (b) in India, in respect of income arising in any fiscal year beginning on or after the first day of April, next following the calendar year in which the later of the notifications is given.