CT instalments post rate increase

Is the large company threshold changing?

Didn't find your answer?

Post 1/4/23 when we return to margin relief etc, is the threshold for large companies for instalment payments also reducing to £250,000 or is this just for calculating the rate?

Thanks

Replies (4)

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By David Ex
19th May 2022 16:16

If the HMRC guidance says not, I’d just follow that.

https://www.gov.uk/guidance/corporation-tax-paying-in-instalments

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Replying to David Ex:
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By firecodeblue
20th May 2022 09:06

Dangerous habit to rely on HMRC's view of the world!

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Ivor Windybottom
By Ivor Windybottom
19th May 2022 17:30

It seems that Statutory Instrument 1998/3175 - Corporation Tax (Instalment Payments) Regulations 1998, Section 3, is only to be amended to change "related 51% group companies" to read "associated companies" and therefore the £1.5m threshold is not being reduced to the threshold for the 25% main rate (i.e. £250k) from 1 April 2023.

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Replying to Ivor Windybottom:
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By firecodeblue
20th May 2022 09:07

Thanks. Well spotted, it's not easy to follow in the FA.

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