# Taxes Management Act 1970, Paragraph 9

Extent: E+W+S+N.I.

(1) Where a CT payment plan is entered into by a company, the deferred tax is due in 6 instalments of equal amounts as follows—
(a) the first instalment is due on the first day after the period of 9 months beginning immediately after the end of the accounting period to which the plan relates, and
(b) the other 5 instalments are due one on each of the first 5 anniversaries of that day.
(2) But see paragraphs 10 to 12 for circumstances in which all or part of the outstanding balance of the deferred tax becomes due otherwise than by those instalments.

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Source: https://www.legislation.gov.uk/ukpga/1970/9/schedule/3ZC/paragraph/9 (the official version)
Page: https://openlegislation.uk/taxes-management-act-1970/schedule-3ZC/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.