# Income and Corporation Taxes Act 1988, Paragraph 2

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

In accordance with the separate enterprise principle, transactions between the permanent establishment and any other part of the non-resident company are treated as taking place on such terms as would have been agreed between parties dealing at arm’s length.

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Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/A1/paragraph/2 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-A1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.