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- (1) Each of the Contracting States shall notify to the other through the diplomatic channel 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:
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- (a) in the United Kingdom:
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- (i) in respect of income tax and capital gains , for any year of assessment beginning on or after 6th April in the calendar year next following that in which the 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 the Convention enters into force;
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- (b) in Malta:
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- in respect of income tax, for any year of assessment beginning on or after the first day of January in the calendar year next following that in which the Convention enters into force.
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- (2) The Arrangement between Her Majesty’s Government and the Government of Malta for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income as amended by the Agreement signed at Valletta on 29th November 1974 (hereinafter referred to as ‘the 1961 Arrangement’) 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 (1) of this Article.
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- (3) Where any provision of the 1961 Arrangement would have afforded any greater relief from tax than is due under this Convention, any such provision as aforesaid shall continue to have effect:
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- (a) in the United Kingdom, for any year of assessment, financial year, or chargeable period; and
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- (b) in Malta, for any year of assessment; beginning in either case, before the entry into force of this Convention.