Part 2Charge to corporation tax: basic provisions
Chapter 4Non-UK resident companies: chargeable profits
The separate enterprise principle: application to non-UK resident banks
C125Non-UK resident banks: introduction
1
Sections 26 to 28 contain provision in relation to the application of the separate enterprise principle if the non-UK resident company is a bank.
2
Nothing in sections 26 to 28 is to be read as preventing similar principles to those provided for in those sections from applying when the separate enterprise principle is applied to a non-UK resident company that is not a bank.
3
In this section and those sections “bank” has the meaning given by F1section 1120 of CTA 2010 .