SCHEDULES

SCHEDULE 20Controlled foreign companies and foreign permanent establishments

PART 3Other amendments

TMA 1970

12

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;”.