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Section 643N Person liable under section 643J or 643L and remittance basis appliedF1F7

(1)

This section applies in relation to income if—

(a)

the income F2was treated as arising to an individual for the tax year 2024-25 or an earlier tax year—

(i)

by section 643J(3) and (4) where section 643J(3) F3applied because of section 643J(2), or

(ii)

by section 643L, and

(b)

section 809B, 809D or 809E of ITA 2007 (remittance basis) F4applied to the individual for that year.

(2)

The income is treated as relevant foreign income of the individual.

(3)

For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis) treat the onward payment F5referred to in section 643I(1)(d), or (as the case may be) the part of it whose amount or value is equal to the amount of the income, as deriving from the income.

(4)

In the application of section 832 in relation to the income, subsection (2) of that section has effect with the omission of its paragraph (b).

F6(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.

Annotations

Textual amendments

F1

Ss. 643A-643N and cross-heading inserted (with effect in accordance with Sch. 10 para. 21 of the amending Act) by Finance Act 2018 (c. 3), Sch. 10 para. 11 (with Sch. 10 para. 22)

F2

Words in s. 643N(1)(a) substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 22(3)(a)(i), 70(1)

F3

Word in s. 643N(1)(a)(i) substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 22(3)(a)(ii), 70(1)

F4

Word in s. 643N(1)(b) substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 22(3)(b), 70(1)

F5

Words in s. 643N(3) inserted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 22(4), 70(1)

F6

S. 643N(5) inserted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 22(5), 70(1)

F7

Word in s. 643N heading substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 22(2), 70(1)

Notes on Chapter 5

Textual amendments

F1

Words in Pt. 5 Ch. 5 heading inserted (with effect in accordance with Sch. 10 para. 21 of the amending Act) by Finance Act 2018 (c. 3), Sch. 10 para. 3(2)

Notes on Transitional provision about protected foreign-source income and transitional trust income

Textual amendments

F1

S. 643A cross-heading substituted (for the tax year 2025-26 and subsequent tax years) by Finance Act 2025 (c. 8), Sch. 12 paras. 11, 70(1)