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Changes over time for: Cross Heading: Introduction


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 15/09/2016.
Changes to legislation:
There are currently no known outstanding effects for the Taxation (International and Other Provisions) Act 2010, Cross Heading: Introduction.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
[IntroductionU.K.
259FOverview of ChapterU.K.
(1)This Chapter contains provision that counteracts certain excessive deductions that arise in relation to transfers of money or money's worth made, or taken to be made, by a multinational company's permanent establishment in the United Kingdom to the company in the parent jurisdiction.
(2)The Chapter counteracts such deductions by altering the corporation tax treatment of the company.
(3)Section 259FA contains the conditions that must be met for this Chapter to apply.
(4)Subsection (3) of that section defines “multinational company” and “the parent jurisdiction”.
(5)Subsection (8) of that section defines “the excessive PE deduction”.
(6)Section 259FB contains provision for the counteraction of the excessive PE deduction.
(7)See also section 259BF for the meaning of “permanent establishment”.]
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