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.”.