{
  "url": "https://openlegislation.uk/taxes-management-act-1970/section-59FA",
  "json_url": "https://openlegislation.uk/taxes-management-act-1970/section-59FA.json",
  "legislation": "ukpga/1970/9",
  "legislation_title": "Taxes Management Act 1970",
  "legislation_url": "https://openlegislation.uk/taxes-management-act-1970",
  "path": "section/59FA",
  "kind": "section",
  "number": "59FA",
  "heading": "CT exit charge payment plans",
  "text": "(1) Schedule 3ZB contains provisions about CT exit charge payment plans in accordance with which companies may defer payment of certain corporation tax.\n(2) Parts 1 and 2 of the Schedule each make provision about the circumstances in which a CT exit charge payment plan may be entered into, and about determining the amount of corporation tax that may be deferred—\n(a) see Part 1 in relation to a company which ceases to be resident in the United Kingdom, and\n(b) see Part 2 in relation to a company which is not resident in the United Kingdom but which carries on, or has carried on, a trade in the United Kingdom through a permanent establishment there.\n(3) Part 3 of the Schedule contains provision about—\n(a) entering into a CT exit charge payment plan,\n(b) the effect of such a plan,\n(c) the content of such a plan, and\n(d) the methods in accordance with which tax deferred under such a plan may be paid.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 59FA inserted (with effect in accordance with Sch. 49 para. 8 of the amending Act) by Finance Act 2013 (c. 29), Sch. 49 para. 2"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 59FA substituted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 7 para. 6(1)(c)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 59FA substituted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 7 para. 6(1)(a)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1970/9/section/59FA",
    "retrieved_at": "2026-10-29T10:51:31.747484+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}