(1)This section applies where a charging notice is issued to a company.
(2)Diverted profits tax charged by the notice must be paid within 30 days after the day the notice is issued.
(3)The company is liable to pay the tax.
(4)The payment of the tax may not be postponed on any grounds, and so the diverted profits tax charged by the charging notice remains due and payable despite any review being conducted under section 101 or any appeal in respect of the notice.
(5)In Schedule 16—
(a)Part 1 contains provision treating a liability of a non-UK resident company to pay diverted profits tax as if it were also a liability of its UK representative;
(b)Part 2 contains provision enabling unpaid diverted profits tax due from a non-UK resident company to be recovered from a related company.