(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)
