Taxes Management Act 1970, Section 59FA is up to date with all changes known to be in force on or before 03 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.
(1)Schedule 3ZB contains provisions about [F2CT exit charge payment plans] in accordance with which companies may defer payment of certain corporation tax.
(2)Parts 1 and 2 of the Schedule each make provision about the circumstances in which [F3a CT exit charge payment plan] may be entered into, and about determining the amount of corporation tax that may be deferred—
(a)see Part 1 in relation to a company which ceases to be resident in the United Kingdom, and
(b)see Part 2 in relation to a company which is not resident in the United Kingdom but which carries on, or has carried on, a trade in the United Kingdom through a permanent establishment there.
(3)Part 3 of the Schedule contains provision about—
(a)entering into [F3a CT exit charge payment plan],
(b)the effect of such a plan,
(c)the content of such a plan, and
(d)the methods in accordance with which tax deferred under such a plan may be paid.]
Textual Amendments
F1S. 59FA inserted (with effect in accordance with Sch. 49 para. 8 of the amending Act) by Finance Act 2013 (c. 29), Sch. 49 para. 2
F2Words in s. 59FA substituted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 7 para. 6(1)(c)
F3Words in s. 59FA substituted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 7 para. 6(1)(a)
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
