United Kingdom of Great Britain and Northern Ireland 7
United Kingdom of Great Britain and Northern Ireland7
Declarations and reservations:
"1. As Bank telegrams and telephone calls are not defined as Government telegrams and telephone calls in Annex 2 to the International Telecommunications Conventions signed at Montreux on 12 November 1965 and at Málaga-Torremolinos on 25 October 1973 and are therefore not entitled by the Convention to the privileges thereby conferred on Government telegrams and telephone calls, the Government of the United Kingdom, having regard to their obligations under the International Telecommunications Conventions, declare that the privileges conferred by Article 55 of the Agreement shall be correspondingly restricted in the United Kingdom but, subject thereto, shall be not less favourable than the United Kingdom affords to international financial institutions of which it is a member.
"2. In accordance with the provisions of article 64 (3) of the Agreement, the United Kingdom declares that it retains for itself and its political subdivisions the right to tax salaries and emoluments paid by the Bank to its citizens, nationals and permanent residents. The United Kingdom will not accord to consultants the privileges and immunities mentioned in article 56 unless they are experts performing missions for the Bank.
"3. In accordance with its current practice in regard to international organisations, the United Kingdom will, pursuant to the terms of article 57 (1) of the Agreement, accord to the Bank the following taxation privileges:
"a) Within the scope of its official activities, the Bank and its property and income will be exempt from all direct taxes, including income tax, capital gains tax and corporation tax. The Bank will also be exempt from municipal rates levied on its premises with the exception of the proportion which, as in the case of diplomatic missions, represents payments for specific services rendered.
"b) The Bank will be accorded a refund of car tax and value added tax paid on the purchase of new motor cars of Unitedngdom manufacture, and value added tax paid on the supply of goods or services of substantial value, necessary for the official activities of the Bank.
"c) Goods the import and export of which by the Bank is necessary for the exercise of its official activities shall be exempt from all duties of customs and excise and other such charges except payments for services. The Bank will be accorded a refund of the duty and value added tax paid on the importation of hydrocarbon oils purchased by the Bank and necessary for the exercise of its official activities.
"d) Exemption in respect of taxes or duties under the preceding sub-paragraphs will be accorded subject to compliance with conditions agreed with Her Majesty's Government. Goods which have been acquired or imported under the above provisions may not be sold, given away or otherwise disposed of in the United Kingdom except in accordance with conditions agreed with Her Majesty's Government.
"4. In the territory of the United Kingdom the immunity conferred by article 52 (1) and article 56 (i) shall not apply in relation to a civil action by a third party for damage arising out of an accident caused by a motor vehicle belonging to or operated on behalf of the Bank or a person covered by article 56, as the case may be, or in relation to a traffic offence committed by the driver of such a vehicle.
"5. Her Majesty's Government are not at the moment able to implement Article 57 (3) (ii) of the Agreement as this requires an amendment to existing legislation. Her Majesty's Government hope however that they will be in a position to implement it in the near future."