Taxation (International and Other Provisions) Act 2010 (c. 8)

SCHEDULES

SCHEDULE 6 U.K. UK Representatives of non-UK residents

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

16 U.K. After section 835Q insert—

“Supplementary U.K.

835R Supplementary 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.”