Taxes Consolidation Act 1997 section 835AC

Application of Chapter 2

Section 835AC sets out which entities and transactions fall within the scope of the anti-hybrid mismatch rules in this chapter.

• The chapter applies to any company within the charge to corporation tax.
• It covers transactions that give rise to a mismatch outcome between entities that are associated enterprises.
• Transactions between the head office of an entity and a permanent establishment of that entity are also within scope.
• Transactions between two or more permanent establishments of the same entity are equally covered.