Paragraph 22

United Kingdom

(1)

Section 643N (person liable under section 643J or 643L and remittance basis applies) is amended as follows.

(2)

In the heading, for “applies” substitute “applied”.

(3)

In subsection (1)—

(a)

in paragraph (a)—

(i)

in the words before sub-paragraph (i), for “is treated as arising to an individual for a tax year” substitute “was treated as arising to an individual for the tax year 2024-25 or an earlier tax year”;

(ii)

in sub-paragraph (i), for “applies” substitute “applied”;

(b)

in paragraph (b), for “applies” substitute “applied”.

(4)

In subsection (3), after “onward payment” insert “referred to in section 643I(1)(d)”.

(5)

At the end insert—

“(5)

A reference in this section to section 643I, 643J or 643L (or to a provision of any of those sections) is to that section (or provision) as it had effect for the tax year in which income was treated as arising to the individual.”