Schedule 26 - Non-resident companies: transactions
Finance Bill
4:30 pm
Mr Nicholas Winterton (Macclesfield, Conservative)
With this it will be convenient to discuss the following:
Amendment No. 93, in
schedule 26, page 345, leave out lines 12 and 13 and insert—
'(c) either—
(i) the remuneration he receives in respect of the transaction for the provision to the non-resident company of investment management services 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'.
Amendment No. 94, in
schedule 26, page 345, leave out lines 15 to 17.