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
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