The Finance Act 2003 is amended as follows.

Omit section 151 (non-resident companies: extent of charge to income tax).

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

In section 153(2)(a) (general replacement of references to branch or agency of company) for “paragraphs 3 and 4” substitute “ paragraph 4 ”.

In paragraph 1(2) of Schedule 26 (non-resident companies: transactions through broker, investment manager or Lloyd's agent) omit paragraph (b) and the word “and” before it.