Finance Act 2020 (c. 14)

SCHEDULES

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

Duty to notify chargeability to corporation tax: exceptions U.K.

7 U.K. 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.”