Section 1144 — Corporation Tax Act 2010: Alternative finance arrangements

Alternative finance arrangements 1144 1 Subsection (2) applies if alternative finance return is paid to a non-UK resident company.

2 The company is not regarded as having a permanent establishment in the United Kingdom merely by virtue of anything done for the purposes of the alternative finance arrangements—

a by the other party to the arrangements, or b by any other person acting for the company in relation to the arrangements.

3 In subsection (1) “ alternative finance return ” means alternative finance return within the application of—

a section 564I, 564K or 564L(2) or (3) of ITA 2007, or b section 511, 512 or 513(2) or (3) of CTA 2009.

4 In subsection (2) the reference to “ the alternative finance arrangements ” is a reference to the alternative finance arrangements under which the alternative finance return mentioned in subsection (1) is paid.