SCHEDULES

SCHEDULE 6UK Representatives of non-UK residents

Part 1New Chapters 2B and 2C of Part 14 of ITA 2007

16

After section 835Q insert—

Supplementary

835RSupplementary provision

1

For the purposes of this Chapter a person is to be regarded as carrying out a transaction on behalf of another if the person—

a

undertakes the transaction, whether on behalf of or to the account of the other, or

b

gives instructions for it to be so carried out by another.

2

In the case of a person who acts as a broker or investment manager as part only of a business, this Chapter has effect as if that part were a separate business.