Finance Act 2012 (c. 14)

SCHEDULES

SCHEDULE 20 U.K. Controlled foreign companies and foreign permanent establishments

PART 3 U.K. Other amendments

TMA 1970 U.K.

12 U.K. In section 59E (provision about when corporation tax due and payable) in subsection (11) for paragraph (b) substitute—

“(b) to any sum charged on a company at step 5 in section 371BC(1) of TIOPA 2010 (controlled foreign companies) as if it were an amount of corporation tax;”.