SCHEDULES

SCHEDULE 25F1Cases where section 747(3) does not apply

Annotations:
Amendments (Textual)
F1

Sch. 25 heading substituted (with effect in accordance with Sch. 17 para. 37 of the amending Act) by Finance Act 1998 (c. 36), Sch. 17 para. 25; S.I. 1998/3173, art. 2

F2Part 2BCompanies Exploiting Intellectual Property with Limited UK Connection

Annotations:
Amendments (Textual)
F2

Sch. 25 Pts. 2A, 2B (paras. 12B-12N) inserted (with effect in accordance with Sch. 12 para. 14(2) of the amending Act) by Finance Act 2011 (c. 11), Sch. 12 para. 3

Business establishment

12I

1

The requirement of this paragraph is that throughout the accounting period C has a business establishment in the territory in which it is resident.

2

For the purposes of sub-paragraph (1)—

a

paragraph 5(2) to (5) (special rules about residence of the company) applies as it applies for the purposes of Part 2 of this Schedule, and

b

paragraph 7 (meaning of “business establishment”) applies as it applies for the purposes of paragraph 6(1)(a).