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.”