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see if a cmp is small comp ie with below 1.5m then there is only one time payment which is 9 months nd 1 day after end of acctng period.
nd for large comp we h 4 installmentsthen when a comp has 2 acctng periods, what r the due dates ?
Think it through…
A long period of account is split into TWO chargeable accounting periods.
TWO separate computations
TWO separate tax returns
TWO different payment dates (so for one period the tax could be paid in instalments and for the other period the tax could be paid 9 months and 1 day after the end of the period – it all depends on the level of augmented profits in EACH period)
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