Paragraph 11 F1F2
United Kingdom
Where a CT exit charge payment plan is entered into the ECPP tax is due in 6 instalments of equal amounts as follows—
the first instalment is due on the first day after the period of 9 months beginning immediately after the end of the migration accounting period, and
the other 5 instalments are due one on each of the first 5 anniversaries of that day.
But see paragraphs 12, 13 and 14 for circumstances in which all or part of the outstanding balance of the ECPP tax becomes due otherwise than by those instalments.
Annotations
Textual amendments
- F1
Sch. 3ZB inserted (with effect in accordance with Sch. 49 para. 8 of the amending Act) by Finance Act 2013 (c. 29), Sch. 49 para. 6
- F2
Sch. 3ZB paras. 11-14 and cross-headings substituted for Sch. 3ZB paras. 11-17 (with effect in accordance with Sch. 8 para. 8 of the amending Act) by Finance Act 2019 (c. 1), Sch. 8 para. 6
Notes on Schedule 3ZB
Textual amendments
- F2
Words in Sch. 3ZB substituted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 7 para. 6(1)(c)
Notes on Part 3
Textual amendments
- F2
Words in Sch. 3ZB substituted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 7 para. 6(1)(a)