SCHEDULES

SCHEDULE 6Non-UK resident companies carrying on UK property businesses etc

Duty to notify chargeability to corporation tax: exceptions

7

In section 55A(1) of FA 2004 (exception to duty of company to give notice of coming within the charge to corporation tax), as inserted by paragraph 7 of Schedule 5 to FA 2019—

a

omit the “and” before paragraph (b), and

b

after that paragraph insert

, and

c

in consequence of the deduction of the income tax mentioned in paragraph (a) at the fourth step in paragraph 8 of Schedule 18 to the Finance Act 1998 (calculation of tax payable), the amount of tax payable for the period will be nil.