The HMRC guidance here --> https://www.gov.uk/guidance/corporation-tax-paying-in-instalments mentions the below under the Exceptions heading:
"its profits for the accounting period don’t exceed £10 million and either of the following applies:
at any time during the previous 12 months it didn’t exist or didn’t have an accounting period"
For this specific exemption only, is the £10 million an absolute limit or should it be reduced by associated companies?
The instructions for periods ending before/on or after 1 April 2015 detailed below mention reducing the limit by the number of associated companies, but I'm not sure if this applies for the Exceptions as well.
Does anyone have a definitive answer to this?
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Replies (2)
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Yes you divide the £10m by the number of associated companies now called 51% companies.
https://www.gov.uk/guidance/corporation-tax-paying-in-instalments#who-ha...
You're linking to exactly the same guidance that the OP is referring to.
Oh look, it actually answers the frigging question when I follow your link!