Commentary

B6.312 Payment of tax by instalments

Business tax
Business tax | Commentary

B6.312 Payment of tax by instalments

Business tax | Commentary

B6.312 Payment of tax by instalments

Where a person is required to bring an amount as a receipt under any of the following provisions, the tax payable as a result may be paid in instalments if the capital payment that is treated as income is itself payable in instalments.

The provisions are:

  1.  

    (a)     ITTOIA 2005, s 277 or CTA 2009, s 217 (lease premium on a short-term lease);

  2.  

    (b)     ITTOIA 2005, s 279 or CTA 2009, s 219 (sum paid on a lease instead of rent);

  3.  

    (c)     ITTOIA 2005, s 280 or CTA 2009, s 220 (sum paid for the surrender

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