4(1)Section 126 of the Finance Act 1995 (c. 4) (UK representatives of non-residents) is amended as follows.U.K.
(2)In subsection (1), omit the words “, corporation tax”.
(3)In subsection (2)—
(a)after paragraph (b) insert “ and ”;
(b)in paragraph (c) omit the words from “or fall” to “non-resident”; and
(c)omit sub-paragraph (d) and the word “and” preceding it.
(4)For subsection (8) substitute—
“(8)In this section, “branch or agency” means any factorship, agency, receivership, branch or management.”.
(5)In subsection (9), omit paragraph (b) and the word “and” preceding it.
(6)After subsection (9) insert—
“(10)This section does not apply in relation to income tax chargeable on income of a company otherwise than as a trustee.”.
5(1)Section 127 of the Finance Act 1995 (persons not treated as UK representatives) is amended as follows.U.K.
(2)In subsection (1) for “(a) to (d)” substitute “ (a) to (c) ”.
(3)In subsection (5)(b) omit “or 129”.
(4)In subsection (17), in the definition of “branch or agency” for “the Management Act” substitute “ section 126 above ”.
(5)In subsection (19) omit paragraph (b) and the word “and” preceding it.
F16U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 27 para. 6 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
7U.K.Omit section 129 of the Finance Act 1995 (c. 4) (limit on income chargeable on non-residents: corporation tax).