Corporation Tax: instalment payments by very large companies
This tax information and impact note is about changes to Corporation Tax (CT) instalment payments for very large companies.
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Currently, large companies, that is companies with taxable profits of more than £1.5 million in an accounting period, are required to pay CT by instalments starting during the period to which the liability relates.
For accounting periods that begin on or after 1 April 2019, very large companies, that is companies with taxable profits of more than £20 million, will be required to pay CT instalments earlier than large companies.
The legislation has been published in Statutory Instrument 2017 No. 1072 - The Corporation Tax (Instalment Payments) (Amendment) Regulations 2017.
Read the guidance Corporation Tax instalment payments: technical guidance on payments by very large companies.