Introduction Summary
1.Section 21 ensures that certain payments are not treated as a taxable remittance to the UK under Chapter A1 of Part 14 of the Income Tax Act (ITA 2007). It prevents any repayment made in the circumstances described from being treated as a taxable remittance, provided a sum equal to the amount repaid is taken offshore by the 15 March following the end of the tax year in which that amount is repaid.