SCHEDULES
SCHEDULE 8Corporation tax exit charges
PART 1CT exit charge payment plans
3
1
Paragraph 4 (circumstances in which plan may be entered into: non-UK resident companies with UK permanent establishments) is amended as follows.
2
In subparagraph (4) (meaning of “PE qualifying event”)—
a
omit “and” at the end of paragraph (b), and
b
after paragraph (c) insert
, and
d
immediately after the event—
i
the asset or liability is held or owed by the company for the purposes of a permanent establishment of the company in a relevant EEA state, or
ii
the asset or liability is held or owed by the company otherwise than for the purposes of a permanent establishment of the company and the company is resident in a relevant EEA state.
3
In subparagraph (6)—
a
for “and” substitute “,”, and
b
after ““eligible company”” insert “and “relevant EEA state””.