UK:
Corporation Tax Payment Dates For Large Corporates – Changes Deferred
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The measure
The introduction of the new rules for companies to make
corporation tax payments in the third, sixth, ninth and twelfth
month of the accounting periods has been deferred by two years.
Who will be affected?
The measure affects UK companies with profits in excess of
£20m (or in the case of corporate groups this profit
threshold is divided by the number of companies in the group).
When?
The new payment schedule will now apply to accounting periods
starting on or after 1 April 2019.
Our view
This measure gives companies further time to prepare for the
changes and will be welcomed by taxpayers.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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