SCHEDULES

SCHEDULE 8Corporation tax exit charges

PART 1CT exit charge payment plans

2

In paragraph 1 (circumstances in which plan may be entered into: company ceasing to be resident in UK)—

a

in subparagraph (1)(b) for “another” substitute “a relevant”,

b

in subparagraph (5) for “an” substitute “a relevant”,

c

in subparagraph (6) for “other” substitute “relevant”, and

d

in subparagraph (7) at the end insert

;

  • “relevant EEA state” means an EEA state that is—

    1. a

      a member of the European Union, or

    2. b

      a party to an agreement with the United Kingdom that provides for mutual assistance equivalent to that provided for by Council Directive 2010/24/EU of 16 March 2010 concerning mutual assistance for the recovery of claims relating to taxes.