Income and Corporation Taxes Act 1988 (c. 1)

SCHEDULES

Valid from 10/07/2003

SCHEDULE A1 U.K. Determination of profits attributable to permanent establishment: supplementary provisions

Part 3 U.K. Provisions applicable to non-resident banks

Application of this Part U.K.

7 (1) The provisions of this Part of this Schedule have effect where the non-resident company is a bank.

• “Bank” for this purpose has the meaning given by section 840A.

(2) Nothing in this Part of this Schedule shall be read as preventing the application of principles similar to those provided for in this Part in applying the separate enterprise principle to a non-resident company that is not a bank.