43Profits attributable to permanent establishment for purposes of section 42(2)U.K.
This
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Nodiadau Esboniadol
(1)The permanent-establishment provisions apply with the necessary modifications in determining for the purposes of section 42(2) how much of a UK resident company's chargeable profits is attributable to a permanent establishment of the company outside the United Kingdom.
(2)In subsection (1)—
“chargeable profits” means profits on which corporation tax is chargeable, and
“the permanent-establishment provisions” means—
(a)Chapter 4 of Part 2 of CTA 2009 (profits attributable to permanent establishment), and
(b)any regulations made under section 24 of CTA 2009 (application to insurance companies).