SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

495Income Tax (Trading and Other Income) Act 2005 (c. 5)

1

Amend section 13 (visiting performers) as follows.

2

In subsection (8) omit the definitions of “payment” and “transfer”.

3

After that subsection insert—

9

In this section and section 14—

a

references to a payment include references to a payment by way of loan of money, and

b

references to a transfer do not include references to a transfer of money but, subject to that, include references to—

i

a temporary transfer (as by way of loan), and

ii

a transfer of a right (whether or not a right to receive money).

10

This section does not apply to payments or transfers of a kind prescribed in regulations under section 966(6) of ITA 2007.