1(1)This Schedule makes provision about transactions carried out on behalf of a company that is not resident in the United Kingdom (a “non-resident company”), in the course of that company’s trade, by a person in the United Kingdom acting as—U.K.
(a)a broker (paragraph 2),
(b)an investment manager (paragraphs 3 to 5), or
(c)a members' or managing agent at Lloyd’s (paragraph 6).
(2)The provisions of this Schedule supplement—
(a)section 148(3) (meaning of “permanent establishment”: not to include independent agent), F1...
F1(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 26 para. 1(2)(b) and word repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 1 para. 455, Sch. 3 Pt. 1 (with Sch. 2)