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SCHEDULES

SCHEDULE 1U.K.Consequential amendments

Part 2 U.K.Other enactments

Finance Act 2003 (c. 14)U.K.

622In section 151(2) (non-resident companies: extent of charge to income tax)—

(a)for paragraph (a) substitute—

(a)income (other than relevant foreign income) chargeable to tax under—

(i)Chapter 2, 7, 8, 10 or 11 of Part 4 of the Income Tax (Trading and Other Income) Act 2005 (interest, purchased life annuity payments, profits from deeply discounted securities, distributions from unauthorised unit trusts and transactions in deposits),

(ii)section 579 of that Act so far as it relates to annual payments (royalties etc. from intellectual property),

(iii)Chapter 4 of Part 5 of that Act so far as it relates to annual payments (certain telecommunication rights: non-trading income), or

(iv)Chapter 7 of Part 5 of that Act (annual payments not otherwise charged),

(aa)income chargeable to tax under Chapter 3 of Part 4 of that Act (dividends etc. from UK resident companies etc.),, and

(b)omit paragraph (b).