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Schedule 27 | Permanent establishment etc: consequential amendments

From legislation.gov.uk

Taxes Act 1988

(1)The Taxes Act 1988 is amended as follows.

(2)RepealedF1

(3)RepealedF2

(4)In Schedule 15 (qualifying policies), in paragraph 24 (policies issued by non-resident companies), in sub-paragraph (3)(b) (twice) and (c) for “branch” substitute “ permanent establishment ”.

Taxation of Chargeable Gains Act 1992

(1)The Taxation of Chargeable Gains Act 1992 (c. 12) is amended as follows.

(2)In section 10 (non-resident with United Kingdom branch or agency)—

(a)omit subsection (3); and

(b)in subsection (4), omit “or corporation tax”.

(3)In sections 13(5)(d), 25(7)(b), ... 139(1A), 140A(2), 159(4)(b), 171(1A), 175(2AA), 179(1A), 190(2)(b) and (3)(b), 199(6)(b) and 228(6)(b), and in Schedule 7A, paragraph 1(3A), for “10(3)” substitute “ 10B ”.F3

Finance Act 1993

(3)RepealedF4

Finance Act 1995

(4)RepealedF5

(5)RepealedF5

(6)RepealedF6

(7)Omit section 129 of the Finance Act 1995 (c. 4) (limit on income chargeable on non-residents: corporation tax).

Finance Act 1996

(8)In Schedule 15 to the Finance Act 1996 (c. 8) (loan relationships: transitional provisions), in paragraph 8(6)(c)—

(a)for “10(3)” substitute “ 10B ”, and

(b)for “on a disposal by a branch or agency” substitute “ attributable to a permanent establishment ”.

Finance Act 2000

(9)In Schedule 15 to the Finance Act 2000 (c. 17) (corporate venturing scheme), in paragraph 79(5) (gain accruing on chargeable event), for “section 10” substitute “ section 10B ”.