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- 1. 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 the later of these notifications has been received.
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- 2. The provisions of this Convention shall have effect:
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- (a) in the United Kingdom:
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- (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 this Convention enters into force;
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- (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 this Convention enters into force;
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- (b) in France:
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- (i) in respect of taxes on income withheld at source, for amounts taxable after the calendar year in which this Convention enters into force;
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- (ii) in respect of taxes on income which are not withheld at source, for income relating to any calendar year or accounting period, as the case may be, beginning after the calendar year in which this Convention enters into force;
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- (iii) in respect of capital tax (impôt de solidarité sur la fortune) referred to in paragraph 3 of Article 29, for taxation where the taxable event occurs after the calendar year in which this Convention enters into force.
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- 3. Notwithstanding the provisions of paragraph 2, the provisions of Article 9 shall have effect:
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- (a) in France for any calendar year or accounting period beginning on or after 1st January 1994;
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- (b) in the United Kingdom for any chargeable period beginning on or after 1st April 1994 .
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- 4. The Convention between the Government of the French Republic and the Government of the United Kingdom of Great Britain and Northern Ireland signed at London on 22nd May 1968 as amended by the four Protocols signed at London on 10th February 1971, 14th May 1973, 12th June 1986, and 15th October 1987 respectively (‘the prior Convention’) shall terminate and cease to be effective from the date upon which this Convention has effect in respect of the taxes to which this Convention applies in accordance with the provisions of paragraph 2. In relation to tax credits in respect of dividends paid by companies which are residents of the United Kingdom, the prior Convention shall terminate and cease to be effective from the date upon which this Convention enters into force.