SCHEDULES
SCHEDULE 27Remittance basis
Part 1Amendments of ITA 2007
4
1
Section 809E (application of remittance basis without claim: other cases) is amended as follows.
2
In subsection (1), for paragraph (c) substitute—
c
for that year the individual either has no UK income or gains or has no UK income and gains other than taxed investment income not exceeding £100.
3
In that subsection, insert at the end (not as part of paragraph (e))— “
unless the individual gives notice in a return under section 8 of TMA 1970 that this section is not to apply in relation to the individual for that year.
”
4
After subsection (2) insert—
2A
For the purposes of subsection (1)(c) “taxed investment income” means UK income or gains consisting of payments within section 946 from which a sum representing income tax has been deducted.