SCHEDULES
SCHEDULE 49Corporation tax: deferral of payment of exit charge
Amendments of TMA 1970
4
1
Section 109B (provision for securing payment by company of outstanding tax) is amended as follows.
2
In subsection (1), at the end insert “
, subject to subsection (5A).
”
3
In subsection (4)(b), at the end insert “
(which may include a proposal to enter into an exit charge payment plan in accordance with Schedule 3ZB).
”
4
After subsection (5) insert—
5A
Condition D does not apply to the extent that payment of the tax is to be secured by the company entering into an exit charge payment plan in accordance with Schedule 3ZB.