(1) The Principal Act is amended by inserting the following after section 825A:
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"825B.— (1) In this section— |
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‘ associated company ', in relation to a relevant employer, means a company which is that employer's associated company within the meaning of section 432 and which is incorporated or resident in a country or jurisdiction which is not a party to the EEA agreement, but with the government of which arrangements are for the time being in force by virtue of section 826(1); |
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‘ EEA agreement ' means the Agreement on the European Economic Area signed at Oporto on 2 May 1992, as adjusted by the Protocol signed at Brussels on 17 March 1993; |
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‘ emoluments ' has the same meaning as in Chapter 4 of Part 42; |
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‘ relevant emoluments ', in relation to a tax year, means emoluments that are— |
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(a) paid by a relevant employer or an associated company of that relevant employer to a relevant employee, and |
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(b) within the charge to tax under Schedule E and to which |