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
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Quarterly payments by companies
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
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