The Commonwealth Development Corporation (Exempt Period) (Appointed Day) Order 2003
Paragraph 1 of Schedule 3 to the Commonwealth Development Corporation Act 1999 provides for an exempt period during which the Commonwealth Development Corporation will not be chargeable to corporation tax or tax by virtue of section 747(4)(a) of the Income and Corporation Taxes Act 1988 (1988 c. 1: section 747 provides for the imputation of chargeable profits and creditable tax of controlled foreign companies).