Paragraph 48 I1
Where on the commencement date—
(a)
a non-UK resident company ceases to be within the charge to income tax and comes within the charge to corporation tax by reason of this Schedule, and
(b)
an accounting period of the company begins in accordance with section 9(1)(a) of CTA 2009,
the Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175) do not have effect in relation to that accounting period.
Annotations
Commencement
- I1
Sch. 5 para. 48 in force at 6.4.2020, see Sch. 5 para. 35
Notes on Schedule 5
Modifications
- C1
Sch. 5 modified (22.7.2020) by Finance Act 2020 (c. 14), Sch. 6 para. 10