6(1)Paragraph 2 of Schedule 18 to FA 1998 (duty to give notice of chargeability) is amended as follows.U.K.
(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 ”.
Commencement Information
I1Sch. 5 para. 6 in force at 6.4.2020, see Sch. 5 para. 35