Paragraph 3 Application of the income inclusion rule to cases involving permanent establishments

United Kingdom

(1)

Section 237 (intermediate and partially-owned parent members) is amended as follows.

(2)

“(b)
it has—
(i)
a direct or indirect ownership interest in another member of the group, or
(ii)
a permanent establishment, and”.

(3)

For subsection (2)(b) substitute—

“(b)
it has—
(i)
a direct or indirect ownership interest in another member of the group, or
(ii)
a permanent establishment.”