Section 934 — Income Tax Act 2007: Non-UK resident companies

Non-UK resident companies 934 1 A payment is an excepted payment if each of the following conditions is met in relation to the payment.

2 The person beneficially entitled to the income in respect of which the payment is made must be a non-UK resident company.

3 The non-UK resident company must carry on a trade in the United Kingdom through a permanent establishment.

4 The payment must be one that is required to be brought into account in calculating the chargeable profits (within the meaning given by section 19 of CTA 2009 ) of the non-UK resident company.