SCHEDULES
F1SCHEDULE 3ZBF3CT exit charge payment plans
Words in Sch. 3ZB substituted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 7 para. 6(1)(c)
PART 3Entering into F2a CT exit charge payment plan
Words in Sch. 3ZB substituted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 7 para. 6(1)(a)
Entering into F2a CT exit charge payment plan
8
1
A Part 1 company or a Part 2 company enters into F2a CT exit charge payment plan in respect of qualifying corporation tax in accordance with this Schedule if—
a
the company agrees to pay, and an officer of Revenue and Customs agrees to accept payment of, the tax in accordance with F5paragraphs 11 to 14,
b
the company agrees to pay interest on the tax in accordance with paragraph 9(3), and
c
the plan meets the requirements set out in F6paragraph 10 as to the matters that must be specified in it.
2
The F4CT exit charge payment plan may, in the circumstances mentioned in sub-paragraph (3), contain appropriate provision regarding security for Her Majesty's Revenue and Customs in respect of the deferred payment of the tax.
3
Those circumstances are where an officer of Her Majesty's Revenue and Customs considers that agreeing to accept payment of qualifying corporation tax in accordance with the plan would present a serious risk as to collection of the tax in the absence of provision regarding security in respect of that tax.
4
F2A CT exit charge payment plan is void if any information furnished by the company in connection with the plan does not fully and accurately disclose all facts and considerations material to the decision of the officer of Revenue and Customs to accept payment of qualifying corporation tax in accordance with the plan.
Sch. 3ZB inserted (with effect in accordance with Sch. 49 para. 8 of the amending Act) by Finance Act 2013 (c. 29), Sch. 49 para. 6