Part 15Deduction of income tax at source
Chapter 11Payments between companies etc: exception from duties to deduct
Excepted payments
934Non-UK resident companies
1
A payment is an excepted payment if each of the following conditions is met in relation to the payment.
2
The person beneficially entitled to the income in respect of which the payment is made must be a non-UK resident company.
3
The non-UK resident company must carry on a trade in the United Kingdom through a permanent establishment.
4
The payment must be one that is required to be brought into account in calculating the chargeable profits (within the meaning given by section 11(2) of ICTA) of the non-UK resident company.