Section 127 of the Finance Act 1995 (persons not treated as UK representatives) is amended as follows.

In subsection (1) for “(a) to (d)” substitute “ (a) to (c) ”.

In subsection (5)(b) omit “or 129”.

In subsection (17), in the definition of “branch or agency” for “the Management Act” substitute “ section 126 above ”.

In subsection (19) omit paragraph (b) and the word “and” preceding it.