A quarterly instalment payment system applies to ‘large’ companies under CTSA. For these purposes, ‘large’ companies are companies with profits of more than £1.5m but not more than £20m (for accounting periods beginning before 1 April 2019 there was no upper limit). When considering the limits there are reductions to reflect the number of related 51% group companies and short accounting periods). ‘Profits’ means chargeable profits shown in an assessment (or determination) plus franked investment income (excluding group income).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.