SCHEDULES

SCHEDULE 8Corporation tax exit charges

PART 1CT exit charge payment plans

5

1

Paragraph 10 (contents of plan) is amended as follows.

2

In subparagraph (1)(b) before “EEA state” insert “relevant”.

3

After subparagraph (2) insert—

2A

In either case a CT exit charge payment plan entered into by a company must specify requirements as to the ongoing provision of information by the company to Her Majesty’s Revenue and Customs in relation to the exit charge assets and liabilities.

4

In subparagraph (3) for paragraph (c) substitute—

c

the amount of ECPP tax attributable to each exit charge asset or liability.

5

Omit subparagraphs (4) and (5).