65(1)Section 394 (charge on employer-financed retirement benefits) is amended as follows.U.K.
(2)In subsection (4C), omit “or” at the end of paragraph (b) and after that paragraph insert—
“(ba)an amount which would count as employment income of the employee or former employee under that Chapter but for the application of section 554Z5 (overlap with earlier relevant step), or”.
(3)In that subsection, for paragraph (c) substitute—
“(c)an amount which would be within paragraph (a), (b) or (ba) apart from—
(i)the employee or former employee having been non-UK resident for any tax year, or
(ii)any tax year having been a split year as respects the employee or former employee.”