Taxes Management Act 1970, Paragraph 10 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
[F110(1)Where at any time after a CT payment plan is entered into by a company an event mentioned in sub-paragraph (2) occurs the outstanding balance of the deferred tax is due on the date on which the next instalment of that tax would otherwise be due.U.K.
(2)The events are—
(a)the company becoming insolvent or entering administration;
(b)the appointment of a liquidator in respect of the company;
(c)an event under the law of a country or territory outside the United Kingdom corresponding to an event in paragraph (a) or (b);
(d)the company failing to pay any amount of the deferred tax for a period of 12 months after the date on which the amount becomes due;
(e)the company ceasing to be within the charge to corporation tax.]
Textual Amendments
F1Sch. 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
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