Part 3 Commencement and Transitional Provision
Finance Act 2011 (2011 c 11) | Legislation

Part 3 Commencement and Transitional Provision

Commencement

31

The amendments made by this Schedule come into force on the day on which this Act is passed.

Condition B of motive test

32

(1)     This paragraph applies in relation to a company carrying on business through a permanent establishment in an accounting period which is the first relevant accounting period or an accounting period beginning less than 12 months after the beginning of the first relevant accounting period (an “affected relevant accounting periodâ€) if the company carried on the business through the permanent establishment throughout the period of 12 months ending with the day before that on which this Act is passed (“the pre-commencement yearâ€).

(2)     Condition B in section 18H of CTA 2009 (as inserted by this Schedule) is assumed to be met in relation to an affected relevant accounting period if—

(a)     the gross income attributable to the permanent establishment for the affected relevant accounting period does not exceed by more than 10% the gross income attributable to the permanent establishment for the period of 12 months ending immediately before the beginning of the first relevant accounting period (or, if the affected relevant accounting period is

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