Part 2 Supplementary & Consequential Amendments
Finance Act 2019 (2019 c 1) | Legislation

Part 2 Supplementary & Consequential Amendments

FA 1998

6

(1)     Paragraph 2 of Schedule 18 to FA 1998 (duty to give notice of chargeability) is amended as follows.

(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, . . .

(b)     the company has no chargeable gains[, and

(c)     having deducted the income tax mentioned in paragraph (a) at the fourth step in paragraph 8 (calculation of tax payable), the amount of tax payable for the period is nil].â€

(3)     In sub-paragraph (2) for “The notice†substitute “A notice required to be given under this paragraphâ€.

FA 2004

7

After section 55 of FA 2004 insert—

“55A Section 55: exception to duty to give notice

(1)     A company is not required to give notice under section 55 of the beginning of an accounting period if it reasonably expects that—

(a)     all the income on which it will be chargeable to corporation tax for the

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