Link Report

“chargeable period” has the same meaning as in section 321(2);

“tax reference number”, in relation to a resident, has the meaning assigned to it by section 885 in relation to a specified person within the meaning of that section.

(6) Where in any chargeable period a resident opens, either directly or indirectly, a foreign account, or causes to be opened a foreign account in relation to which the resident is the beneficial owner of the deposit held in that account, the resident shall, notwithstanding anything to the contrary in section 950 or 1084 Part 41A or section 1084, be deemed for that chargeable period to be a chargeable person for the purposes of sections 951 and 1084 Chapter 3 of Part 41A and section 1084, and the return of income (within the meaning of section 1084) to be delivered by the resident for that chargeable period shall include the following particulars in relation to the account—

(6) Where in any chargeable period a resident opens, either directly or indirectly, a foreign account, or causes to be opened a foreign account in relation to which the resident is the beneficial owner of the deposit held in that account, the resident shall, notwithstanding anything to the contrary in section 950 or 1084 Part 41A or section 1084, be deemed for that chargeable period to be a chargeable person for the purposes of sections 951 and 1084 Chapter 3 of Part 41A and section 1084, and the return of income (within the meaning of section 1084) to be delivered by the resident for that chargeable period shall include the following particulars in relation to the account—

(6) Where in any chargeable period a resident opens, either directly or indirectly, a foreign account, or causes to be opened a foreign account in relation to which the resident is the beneficial owner of the deposit held in that account, the resident shall, notwithstanding anything to the contrary in section 950 or 1084 Part 41A or section 1084, be deemed for that chargeable period to be a chargeable person for the purposes of sections 951 and 1084 Chapter 3 of Part 41A and section 1084, and the return of income (within the meaning of section 1084) to be delivered by the resident for that chargeable period shall include the following particulars in relation to the account—