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Quarterly payments by companies

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Quarterly payments by companies

  • This topic has 2 replies, 2 voices, and was last updated 10 years ago by Ibrahim.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • November 28, 2015 at 6:06 pm #286000
    Ibrahim
    Member
    • Topics: 41
    • Replies: 79
    • ☆☆

    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

    November 30, 2015 at 2:14 pm #286429
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Quarterly instalments do only apply to large companies BUT only if they were also large in the preceding CAP

    November 30, 2015 at 2:24 pm #286434
    Ibrahim
    Member
    • Topics: 41
    • Replies: 79
    • ☆☆

    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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