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 relevant”,

(b)     in subparagraph (5) for “an” substitute “a relevant”,

(c)     in subparagraph (6) for “other” substitute “relevant”, 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.”

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 event”)—

(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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