- Each of the Contracting States shall notify the other in writing, through diplomatic channels, of the completion of the procedures required by its law for the entry into force of this Convention.
- The Convention shall enter into force on the thirtieth day after the receipt of the later of these notifications and shall thereupon have effect
a) in Sweden:
(i) in respect of taxes withheld at source, for amounts paid or credited on or after 1st January of the year next following the date on which the Convention enters into force;
(ii) in respect of other taxes on income, for taxes chargeable for any tax year beginning on or after 1st January of the year next following the date on which the Convention enters into force; and
b) in the United Kingdom:
(i) in respect of taxes withheld at source, for amounts paid or credited on or after 1st January of the year next following the date on which the Convention enters into force;
ii) in respect of income tax and capital gains tax, for any year of assessment beginning on or after 6th April next following the date on which this Convention enters into force;
(iii) in respect of corporation tax, for any financial year beginning on or after 1st April next following the date on which this Convention enters into force.
3. Notwithstanding the provisions of paragraph 1, the provisions of Article 23 (Mutual agreement procedure) and Article 24 (Exchange of information) shall have effect from the date of entry into force of this Convention, without regard to the taxable period to which the matter relates. However, no case may be submitted for arbitration under the provisions of paragraph 5 of Article 23 (Mutual agreement procedure) earlier than three years after the date on which the Convention enters into force.
4. The Convention between the Government of the Kingdom of Sweden and the Government of the United Kingdom of Great Britain and Northern Ireland for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains, signed at Stockholm on 30th August 1983 (“the prior Convention”), shall cease to have effect in respect of any tax with effect from the date upon which this Convention has effect in respect of that tax in accordance with the provisions of paragraph 1 of this Article and shall terminate on the last such date.
5. Notwithstanding the provisions of paragraphs 2 and 4 and the provisions of Article 17, where, immediately before the entry into force of this Convention, an individual was in receipt of payments falling within Article 18 or paragraph 2 of Article 19 of the prior Convention, that individual may make an election that the provisions of those Articles, and not the provisions of Article 17 of this Convention, shall continue to apply to those payments. That election shall have effect for the year in which it is made and for subsequent years unless revoked by the individual. Where an election has been so revoked, no further election under this paragraph may be made.