Finance Act 2011 (c. 11)

SCHEDULES

SCHEDULE 13 U.K. Profits of foreign permanent establishments etc

Part 2 U.K. Amendments of other Acts

ICTA U.K.

12 U.K. In paragraph 4(1) of Schedule 24 to ICTA (assumptions for calculating chargeable profits etc of foreign companies: election or claim to give maximum relief assumed to be made), insert at the end “ , except that the company shall be assumed not to have made an election under section 18A of CTA 2009. ”