CTM92600 - CTSA: quarterly instalments: amount due at each instalment: formula
The amount of tax to be paid at each instalment date is:
3 x CTI
n
Where:
- ‘CTI’ is the amount of the company’s total liability, as described in CTM92520, for the accounting period that is payable by instalments.
-
‘n’ is the number of months in the accounting period.
Part months are calculated by dividing the number of spare days by 30 and expressing the sum as a decimal to two places, rounded arithmetically.