SCHEDULES

SCHEDULE 6UK Representatives of non-UK residents

Part 2New Part 7A of TCGA 1992

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After section 271I insert—

271JMeaning of “non-UK resident” and “independent agent”

1

In this Chapter “non-UK resident” means a person who is not resident in the United Kingdom.

2

In this Chapter “independent agent”, in relation to a non-UK resident (“X”), means a person who is the UK representative of X in respect of any agency in which the person is acting on behalf of X in an independent capacity.

3

For this purpose a person does not act in an independent capacity on behalf of X unless the relationship between them, having regard to its legal, financial and commercial characteristics, is a relationship between persons carrying on independent businesses dealing with each other at arm's length.