232 Permanent establishments treated as entities
Finance (No 2) Act 2023 (2023 c 30) | Legislation

232  Permanent establishments treated as entities

(1)     A “permanent establishment” of an entity (“the main entity”) means a place of business of the main entity that—

(a)     is located in a territory other than the territory [in which the main entity is located], and

(b)     meets any of the conditions in paragraphs (a) to (d) of subsection (2).

(2)     Those conditions are—

(a)     that the place of business is situated in a territory where it is treated as a permanent establishment in accordance with an applicable tax treaty in force

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