SCHEDULES

SCHEDULE 5 U.K. Enterprise management incentives

Part 3 U.K. Qualifying companies

[F1 The UK permanent establishment requirement U.K.

Textual Amendments

F1 Sch. 5 para. 14A and cross-heading inserted (with effect in accordance with s. 6(5) of the amending Act) by Finance (No. 3) Act 2010 (c. 33), s. 6(3)

14A (1) The UK permanent establishment requirement is met if condition A or B is met. U.K.

(2) Condition A is that the company has a permanent establishment in the United Kingdom.

(3) Condition B is that—

(a) the company is a parent company, and

(b) any other member of the group—

(i) meets the conditions in paragraph 14(1)(a) (trading activities requirement), and

(ii) has a permanent establishment in the United Kingdom.]