SCHEDULE 18 Company tax returns, assessments and related matters
Part I Introduction
Meaning of “tax"
1
In this Schedule “tax” means corporation tax including, except as otherwise indicated, any amount assessable or chargeable as if it was corporation tax.
Amounts are assessable or chargeable as if they were corporation tax under—
F1section 269DA of the Corporation Tax Act 2010 (surcharge on banking companies),
F2section 455 of F3that Act (tax on loan or advance made by close company to a participator),
F4section 464A of that Act (tax on other benefit conferred on participator),
F5F6section 330(1) of that Act (supplementary charge in respect of ring fence trades), F7...
F8step 5 in section 371BC(1) of the Taxation (International and Other Provisions) Act 2010 (controlled foreign companies)F9, F10...
paragraphs 50 and 51 of Schedule 19 to the Finance Act 2011 (the bank levy)F11, F12...
section 33 of the Finance Act 2022 (residential property developer tax) F13, and
section 1 of the Energy (Oil and Gas) Profits Levy Act 2022.
Duty to give notice of chargeability
2
(1)
A company which—
(a)
is chargeable to tax for an accounting period, and
(b)
has not received a notice requiring a company tax return,
must give notice to F14an officer of Revenue and Customs that it is so chargeable.
F15(1A)
But a company is not required to give notice under sub-paragraph (1) in respect of an accounting period if for the period—
(a)
all the income on which it is chargeable to tax consists of payments on which it bears income tax by deduction, F16...
(b)
the company has no chargeable gains F17, and
(c)
having deducted the income tax mentioned in paragraph (a) at the fourth step in paragraph 8 (calculation of tax payable), the amount of tax payable for the period is nil.
(2)
F18A notice required to be given under this paragraph must be given within twelve months from the end of the accounting period.
F19(3)
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F20(4)
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