SCHEDULES
SCHEDULE 5Non-UK resident companies carrying on UK property businesses etc
PART 2Supplementary & Consequential amendments
6FA 1998
1
Paragraph 2 of Schedule 18 to FA 1998 (duty to give notice of chargeability) is amended as follows.
2
After sub-paragraph (1) insert—
1A
But a company is not required to give notice under sub-paragraph (1) in respect of an accounting period if for the period —
a
all the income on which it is chargeable to tax consists of payments on which it bears income tax by deduction, and
b
the company has no chargeable gains.
3
In sub-paragraph (2) for “The notice” substitute “A notice required to be given under this paragraph”.