Broadly:

for accounting periods beginning on or after 1 April 2019:

companies whose profits exceed £1.5m but do not exceed £20m are categorised as ‘large’ and are required to pay by instalments; and

companies whose profits exceed £20m are categorised as ‘very large’ and are required to pay by instalments four months earlier than large companies;

for accounting periods ending on or after 1 April 2015 and beginning before 1 April 2019, companies whose profits exceeded £1.5m were categorised as ‘large’ and were required to pay by instalments; and

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