Part 2Charge to corporation tax: basic provisions
Chapter 4Non-UK resident companies: chargeable profits
The separate enterprise principle
24Application to insurance companies
(1)
The Commissioners for Her Majesty's Revenue and Customs may by regulations make provision about the application of section 21(1) to insurance companies.
(2)
The regulations may, in particular, make provision in place of section 21(2)(b) as to the basis on which, in the case of insurance companies, capital is to be attributed to a permanent establishment in the United Kingdom.
(3)
In this section “insurance company” has the meaning given by section 431(2) of ICTA.