Section 331 | Designation of sites

(1)Section 113 of FA 2021 (designation of freeport tax sites) is amended as follows.

(2)In subsection (2)(a) and (b), after “a freeport” insert “or an investment zone”.

(3)In subsection (3), for “a “freeport tax site”” substitute “a “special tax site””.

(4)For subsection (5) substitute—

(5)For the purposes of this section any reference to a freeport or an investment zone is to an area which is identified as such in a document published by, or with the consent of, the Treasury for the purposes of this section (and not withdrawn).

(5)Schedule 23 makes amendments in consequence of the provision made by this section.