Exit charge payments

Companies ceasing to be resident

Content of

Legislation/Regulatory – TMA70 Sch. 3ZB, para. 10-12

Effect of

Legislation/Regulatory – TMA70 Sch. 3ZB, para. 9

Entering into

Legislation/Regulatory – TMA70 Sch. 3ZB, para. 7, 8

Exit charge assets and exit charge liabilities

Legislation/Regulatory – TMA70 Sch. 3ZB, para. 3

Generally

Legislation/Regulatory – FA2013 Sch. 49 ; TMA70 s. 59FA, Sch. 3ZB, para 1

HMRC Guidance – CTM34131

Outstanding balance becoming payable in full/part

Legislation/Regulatory – TMA70 Sch. 3ZB, para. 16, 17

Qualifying corporation tax

Legislation/Regulatory – TMA70 Sch. 3ZB, para. 2

Realisation method

Legislation/Regulatory – TMA70 Sch. 3ZB, para. 11, 14, 15

Standard instalment method

Legislation/Regulatory – TMA70 Sch. 3ZB, para. 13

Non-resident companies with permanent establishment