SCHEDULES

SCHEDULE 6UK Representatives of non-UK residents

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

9After section 835J insert—

“835KLloyd’s agents

(1)This section applies if—

(a)a non-UK resident (“X”) is a member of Lloyd’s, and

(b)an amount within section 835E(2) arises to X from X’s underwriting business.

(2)A person who has been X’s members’ agent or the managing agent of the syndicate in question is not the UK representative of X in relation to the amount or to matters connected with the amount.

(3)For the purposes of this section—

(a)X is a member of Lloyd’s if X is a member within the meaning of Chapter 3 of Part 2 of FA 1993, and

(b)“members’ agent” and “managing agent” are to be construed in accordance with section 184 of that Act.”