Paragraph 2

After section 75 insert—

“Increased rates for non-resident transactions

Increased rates for non-resident transactions

75ZA

(1)

In its application for the purpose of determining the amount of tax chargeable in respect of a chargeable transaction that is a non-resident transaction, this Part has effect as if 2% were added to each rate specified in the rate-specifying provisions.

(2)

The “rate-specifying provisions” are—

(a)

in section 55(1B), Table A;

(b)

in Schedule 4ZA, in paragraph 1(2), Table A;

(c)

in Schedule 4A, paragraph 3(1)(a);

(d)

in Schedule 5, in paragraph 2(3), Table A;

(e)

in Schedule 6ZA, in paragraph 4, Table A;

(f)

in section 74(1A), Step 4.

(3)

Schedule 9A defines “non-resident transaction” and makes further provision in connection with this section.

Anti-avoidance ”.