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Corporation tax instalments for very large companies: draft regulations

Global Tax Update:January 2016/United Kingdom

In the Summer Budget 2015, the UK Government announced that the CT instalment payment dates for very large companies would be changing. (Global Tax Update:January 2016/United Kingdom)

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(1) Corporation tax instalments for very large companies: draft regulations

In the Summer Budget 2015, the UK Government announced that the CT instalment payment dates for very large companies would be changing. A Tax Information and Impact Note has now been published explaining the changes, together with detailed additional guidance. The latter includes at the end some useful examples of the instalment dates for very large companies, in particular for accounting periods of less than a year. See http://deloi.tt/1OzJyRx (PDF).

(2) VAT groups and the Skandia America judgment: more HMRC guidance

HMRC have released further guidance on their position following the CJEU decision in Skandia America Corporation late last year.

(3) Budget will be on 16 March 2016

The Chancellor has announced that the Budget will be held on Wednesday 16 March 2016.

 

>> Click for Japanese [一定の大企業に対する法人税分割納税に係る法案、ほか]

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