SCHEDULES

F1SCHEDULE 3ZCCT Payment plans for tax on certain transactions with EEA residents

Annotations:
Amendments (Textual)
F1

Sch. 3ZC inserted (retrospective and with effect in accordance with Sch. 7 para. 4(1)(a) of the amending Act) by Finance Act 2020 (c. 14), Sch. 7 para. 2

Eligibility to enter a CT payment plan

4

1

A company that is liable to pay qualifying corporation tax for an accounting period may enter into a CT payment plan in respect of the tax in accordance with this Schedule.

2

The CT payment plan may relate to—

a

all of the qualifying corporation tax that the company is liable to pay for the accounting period, or

b

only part of the qualifying corporation tax that the company is liable to pay for the accounting period.

3

In this Schedule “deferred tax”, in relation to a CT payment plan, means the qualifying corporation tax to which the plan relates.