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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Quarterly payments by companies
Quarterly payments are not required if
» current augmented profits do not exceed £10 million
and
» the company was not large in previous CAP
And there is a statement in your lecture notes that says “Quarterly instalments apply to large companies”
Thus how can we interpret that last statement with the first one.
thanks
Quarterly instalments do only apply to large companies BUT only if they were also large in the preceding CAP
i think I now got the point that even if a company is not large in its preceding CAP, if its current augmented profits exceed £10 million it has to make quarterly instalments.
thanks