Paragraph 7 Other provision about permanent establishments

In section 159 (permanent establishment income and expense attribution), at the end insert—

“(5)

See also section 135(1)(b) (by virtue of which equivalent adjustments to those set out in subsections (1) to (3) will already be reflected in the underlying profits accounts of a permanent establishment that does not have separate financial accounts from the main entity prepared in accordance with acceptable accounting standards).”