Part 24 Corporation Tax Acts definitions etc

Chapter 2 Permanent establishments

Circumstances where there is no permanent establishment

1144 Alternative finance arrangements
(1) Subsection (2) applies if alternative finance return is paid to a non-UK resident company.
(2) The company is not regarded as having a permanent establishment in the United Kingdom merely by virtue of anything done for the purposes of the alternative finance arrangements—
(a) by the other party to the arrangements, or
(b) by any other person acting for the company in relation to the arrangements.
(3) In subsection (1) “alternative finance return” means alternative finance return within the application of—
(a) section 564I, 564K or 564L(2) or (3) of ITA 2007, or
(b) section 511, 512 or 513(2) or (3) of CTA 2009.
(4) In subsection (2) the reference to “the alternative finance arrangements” is a reference to the alternative finance arrangements under which the alternative finance return mentioned in subsection (1) is paid.
Pt. 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)