§ Amendment made: No. 71, in page 24, line 10, at end insert
and
(c) at the end of the paragraph insert—
§ "(7) In determining for the purposes of sub-paragraph (1) above the amount that would be taken for tax purposes to be the amount of the profits or losses for a year of assessment in the case of a person who is not resident in the United Kingdom, there shall be left out of account any income of that person which is—
- excluded income for the purposes of section 128 of the Finance Act 1995 (limit on income chargeable on nonresidents: income tax), or
- income to which section 151 of the Finance Act 2003 applies (non-resident companies: extent of charge to income tax).".'.—[Dawn Primarolo.