# Corporation Tax Act 2010, Section 938L: Foreign companies and foreign permanent establishments


(1) References in this Part to a company not bringing amounts into account as debits or credits for the purposes of Part 5 or 7 of CTA 2009 do not include the company not bringing amounts into account by virtue of—
(a) the company being non-UK resident, or
(b) an election under section 18A of CTA 2009 (profits or losses of foreign permanent establishments).
(2) See section 938M for provision about controlled foreign companies.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/938L (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-938L
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.