Paragraph 1 TMA 1970I1

United Kingdom

(1)

Part 5A of TMA 1970 (payment of tax) is amended as follows.

(2)

In section 59E (further provision as to when corporation tax is due and payable), in subsection (11) after paragraph (e) insert—

“(f)

to any sum chargeable on a company under section 1 of the Energy (Oil and Gas) Profits Levy Act 2022 as if it were an amount of corporation tax chargeable on the company.”

(3)

In section 59F (arrangements for paying corporation tax on behalf of group members), in subsection (6)—

(a)

omit “and” at the end of paragraph (c), and

(b)

after paragraph (d) insert

“, and

(e)

to any sum chargeable on a company under section 1 of the Energy (Oil and Gas) Profits Levy Act 2022 as if it were an amount of corporation tax chargeable on the company.”

Annotations

Commencement

I1: Sch. 2 para. 1 in force at Royal Assent