Finance Act 2007 · s 6

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s 6Amendment of section 6

Subsection 6(1) of the principal Act is amended—

(a)

by substituting for the full stop at the end of paragraph

(i)

a semicolon; and

(b)

by inserting after paragraph (i) the following paragraph:

“(j) subject to the provision of section 109e but notwithstanding any other provisions of this Act, income tax shall be charged for each year of assessment upon the income of a participant, other than a participant which is a resident company, which consists of profits distributed or credited by an operator referred to in section 60aa at the appropriate rate as specified under Part XI of

Schedule 1.”.