Corporation Tax: Tax Collection — Written Question

Question

Victoria Collins

Liberal Democrat — Harpenden and Berkhamsted

To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of the quarterly instalment payment regime on companies that realise large but infrequent capital gains, particularly in cases where tax liabilit

Answer

Dan Tomlinson

If a company or a group's annual profits exceed £1.5 million, they will be classed as ‘large’ and will be required to pay their Corporation Tax in quarterly instalments. This long-standing regime ensures that larger companies pay their Corporation Tax bil...

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