Part 24Corporation Tax Acts definitions etc
C1Chapter 2Permanent establishments
Circumstances where there is no permanent establishment
1144Alternative 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)