20. In section 82(1) (calculation of profits: bonuses etc), in subsection (2) at the end insert “to the extent that such amounts fall 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 82 was substituted by section 170 of, and paragraph 1(1) of Schedule 33 to, the Finance Act 2003.