Clause 147 - Meaning of ''permanent establishment''
Finance Bill
3:15 pm
Mr Nicholas Winterton (Macclesfield, Conservative)
With this it will be convenient to discuss the following:
Amendment No. 100, in
clause 147, page 85, line 32, leave out 'do business' and insert 'engage in trading activities'.
Amendment No. 101, in
clause 147, page 85, line 33, at end insert—
'(1A) For the purposes of subsection (1)(b) an agent can only be a person who has authority to and does enter into arrangements on behalf of that person's principal which are contractually binding on that principal.'.
Amendment No. 3, in
clause 147, page 85, line 44, leave out paragraph (h) and insert—
'(2A) A building site or construction or installation project constitutes a permanent establishment only if it lasts more than twelve months.'.