Taxation (International and Other Provisions) Act 2010 Schedule 8 Part 11

UK representatives of non-UK residents

Schedule 8 Part 11 (paragraphs 276–286) makes consequential amendments to transfer the rules about UK representatives of non-UK residents from the Finance Act 1995 into the Income Tax Act 2007 and the Taxation of Chargeable Gains Act 1992.

• The original provisions in the Finance Act 1995 (sections 126, 127 and Schedule 23) dealing with UK representatives of non-residents are repealed.
• The Income Tax Act 2007 is updated so that its overview section now refers to new Chapters 2B and 2C of Part 14, which contain the re-enacted UK representative rules for income tax purposes.
• Cross-references throughout the Income Tax Act 2007 that previously pointed to the Finance Act 1995 provisions are redirected to the new Chapter 2B (and, where relevant, to Chapter 1 of Part 7A of the Taxation of Chargeable Gains Act 1992).
• The index of defined expressions in the Income Tax Act 2007 is expanded with new entries for key terms used in Chapters 2B and 2C, such as "independent agent", "investment manager", "investment transaction" and "qualifying period".