SCHEDULES
SCHEDULE 26Non-resident companies: transactions through broker, investment manager or Lloyd’s agent
Introduction
1
(1)
This Schedule makes provision about transactions carried out on behalf of a company that is not resident in the United Kingdom (a “non-resident company”), in the course of that company’s trade, by a person in the United Kingdom acting as—
(a)
a broker (paragraph 2),
(b)
an investment manager (paragraphs 3 to 5), or
(c)
a members' or managing agent at Lloyd’s (paragraph 6).
(2)
The provisions of this Schedule supplement—
(a)
section 148(3) (meaning of “permanent establishment”: not to include independent agent), F1...
F1(b)
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