# Finance Act 2025, Paragraph 11: Permanent establishments as excluded entities

Extent: E+W+S+N.I.

In section 127 (excluded entities), in each of subsections (5), (6) and (7), in paragraph (a), for “it” substitute “the entity or, in the case of a permanent establishment, the main entity”.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/4/paragraph/11 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-4/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.