[Part 1 Company Ceasing to be Resident in UK]
Taxes Management Act 1970 (1970 c 9) | Legislation

[SCHEDULE 3ZB [CT Exit Charge Payment Plans]

[Part 1 Company Ceasing to be Resident in UK]

[Circumstances in which [CT exit charge payment plan] may be entered into

1

(1)     This Part of this Schedule and Part 3 of this Schedule apply where an eligible company—

(a)     ceases to be resident in the United Kingdom,

(b)     on ceasing to be so resident, becomes resident in [a relevant] EEA state, and

(c)     is liable to pay qualifying corporation tax in respect of the migration accounting period.

(2)     The company may defer payment of some or all of the qualifying corporation tax if it enters into [a CT exit charge payment plan] in respect of it in accordance with this Schedule.

(3)     The company may enter into [a CT exit charge payment plan] only if conditions A to C are met.

(4)     Condition A is that before the end of the period of 9 months beginning immediately after the migration accounting period—

(a)     an application to enter into the [CT exit charge payment plan] is made to Her Majesty's Revenue and Customs, and

(b)     the application contains details of all the matters which are required by Part

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