# Taxes Management Act 1970, Section 59FA: CT exit charge payment plans

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

(1) Schedule 3ZB contains provisions about CT exit charge payment plans in accordance with which companies may defer payment of certain corporation tax.
(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—
(a) see Part 1 in relation to a company which ceases to be resident in the United Kingdom, and
(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.
(3) Part 3 of the Schedule contains provision about—
(a) entering into a CT exit charge payment plan,
(b) the effect of such a plan,
(c) the content of such a plan, and
(d) the methods in accordance with which tax deferred under such a plan may be paid.

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Source: https://www.legislation.gov.uk/ukpga/1970/9/section/59FA (the official version)
Page: https://openlegislation.uk/taxes-management-act-1970/section-59FA
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.