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1 what happen if a large company has an accounting period less than 12 month how is it tax ? not on a quaterly basis isnt it
2 what are the characteristic of a dormant company to determine if it is a group relief group?
If a company is large and is also required to make quarterly instalment payments based on the estimated profits of the period then the quarterly instalment payments will still have to be made even if that period is less than 12 months
You will be told whether a company is dormant for the accounting period
but what will u reply if
Gerber Ltd has been a large company for the purposes of paying its corporation tax liability for a number of years
In 2015 it changed its accounting date and prepared an 8 month set of accounts to 31 December 2015
When is the final corporation tax instalment in respect of the 8 month accounting period ended 31 December 2015 due?