Taxes Management Act 1970 Schedule 3ZB paragraph 7

Introduction

Paragraph 7 of Schedule 3ZB introduces Part 3 of the Schedule by explaining when it applies and how its terminology should be interpreted.

• Part 3 of Schedule 3ZB applies in two situations: where a company ceases to be UK resident (Part 1) or where a company has a permanent establishment in the UK (Part 2)
• The specific circumstances triggering Part 3 are defined by reference to Parts 1 and 2 of the same Schedule
• Any terms used in Part 3 carry the same meaning as they do in whichever earlier Part (Part 1 or Part 2) brought the company within scope
• This ensures consistency of interpretation across the Schedule, avoiding any ambiguity when the same language appears in different Parts