SCHEDULES

SCHEDULE 49Corporation tax: deferral of payment of exit charge

Amendments of FA 2009

7

In Schedule 56 to FA 2009 (penalty for failure to make payments on time), in the Table at the end of paragraph 1, after entry 6 insert—

6ZA

Corporation tax

Amount payable under an exit charge payment plan entered into in accordance with Schedule 3ZB to TMA 1970

The later of—

  1. a

    the first day after the period of 12 months beginning immediately after the migration accounting period (as defined in Part 1 or 2 of Schedule 3ZB to TMA 1970, as the case may be), and

  2. b

    the date on which the amount is payable under the plan.