Schedule 26 - Non-resident companies: transactions
Finance Bill
4:30 pm
Mr Stephen O'Brien (Eddisbury, Conservative)
I beg to move amendment No. 92A, in
schedule 26, page 344, leave out lines 36 to 38 and insert—
'(c) either—
(i) the remuneration he receives in respect of the transaction for the provision of the services of a broker to the non-resident company is not less than is customary for that class of business; or
(ii) he acts on behalf of the non-resident company in relation to the transaction in an independent capacity; and'.