135 Underlying profits of permanent establishments
Finance (No 2) Act 2023 (2023 c 30) | Legislation

135  Underlying profits of permanent establishments

(1)     The underlying profits of a member of a multinational group that is a permanent establishment are the member's profits—

(a)     if the member has separate financial accounts, as reflected in those accounts, and

(b)     if not, as reflected in the underlying profits accounts of the main entity, attributed between the permanent establishment and the main entity in accordance

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