SCHEDULES
SCHEDULE 27Permanent establishment etc: consequential amendments
Finance Act 1995
4
1
Section 126 of the Finance Act 1995 (c. 4) (UK representatives of non-residents) is amended as follows.
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.