5. In regulation 46A (annual payments – duty to deduct income tax)(1), in paragraph (6), for the words after “believing” to the end substitute—
“that—
(a)the participant is not resident in the United Kingdom, or
(b)the payment is made in respect a class of units in relation to which of the offshore marketing condition in regulation 33A is met.”.
Regulation 46A and 46B were inserted by S.I. 2013/1772.