# Finance Act 2011, Paragraph 21


In section 919 (manufactured interest on UK securities: payments by UK residents etc), after subsection (1) insert—
“(1A) But this section does not apply if—
(a) the manufactured interest is paid by a UK resident company in the course of a trade carried on through a permanent establishment in a territory outside the United Kingdom, and
(b) section 18A of CTA 2009 has effect in relation to the company for the accounting period in which it is paid.”

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/13/paragraph/21 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-13/paragraph-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.