Part 1 CT Exit Charge Payment Plans
Finance Act 2019 (2019 c 1) | Legislation

SCHEDULE 8 Corporation Tax Exit Charges

Section 23

Part 1 CT Exit Charge Payment Plans

1

Schedule 3ZB to TMA 1970 (CT exit charge payment plans) is amended as follows.

2

In paragraph 1 (circumstances in which plan may be entered into: company ceasing to be resident in UK)—

(a)     in subparagraph (1)(b) for “another†substitute “a relevantâ€,

(b)     in subparagraph (5) for “an†substitute “a relevantâ€,

(c)     in subparagraph (6) for “other†substitute “relevantâ€, and

(d)     in subparagraph (7) at the end insert “;

“relevant EEA state†means an EEA state that is—

(a)     a member of the European Union, or

(b)     a party to an agreement with the United Kingdom that provides for mutual assistance equivalent to that provided for by Council Directive 2010/24/EU of 16 March 2010 concerning mutual assistance for the recovery of claims relating to taxes.â€

3

(1)     Paragraph 4 (circumstances in which plan may be entered into: non-UK resident companies with UK permanent establishments) is amended as follows.

(2)     In subparagraph (4) (meaning of “PE qualifying eventâ€)—

(a)     omit “and†at the end of paragraph (b), and

(b)     after paragraph (c) insert “, and

(d)     immediately after the event—

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