Taxation (International and Other Provisions) Act 2010 Explanatory Notes

Sections 59G and 59H of TMA: Managed payment plans

1358.These sections make provision for taxpayers to enter into managed payment plans. Under managed payment plans, taxpayers agree to pay income tax, capital gains tax or corporation tax due by instalments balanced equally before and after the normal due dates. While in the plan, taxpayers are protected from the interest and penalty consequences on payments made after the normal due date.

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