21. In section 82A(1) (calculation of profits: policy holders’ tax), in subsection (1) at the end insert “and that such tax falls to be attributed, for the purposes of section 11AA(2) of the Taxes Act 1988, to the permanent establishment in the United Kingdom through which the company carries on life assurance business”.
Section 82A was inserted by section 170 of, and paragraph 1(1) of Schedule 33 to, the Finance Act 2003.