Part 24U.K.Corporation Tax Acts definitions etc

Chapter 2U.K.Permanent establishments

Modifications etc. (not altering text)

C1Pt. 24 Ch. 2 applied by 2007 c. 3, s. 1007A (as inserted (with effect in accordance with Sch. 2 paras. 7(3), 8 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 2 para. 3(3); S.I. 2011/662, art. 2)

Circumstances where there is no permanent establishmentU.K.

1142Agent of independent statusU.K.

(1)A company is not regarded as having a permanent establishment in a territory by reason of the fact that it carries on business there through an agent of independent status acting in the ordinary course of the agent's business.

(2)Sections 1145 to 1151 apply for the purpose of supplementing subsection (1) in relation to transactions carried out on behalf of a non-UK resident company by a person in the United Kingdom acting as—

(a)a broker (section 1145),

(b)an investment manager (sections 1146 to 1150), or

(c)a members' or managing agent at Lloyd's (section 1151).