This tax Information and impact note explains changes to the Corporation Tax (CT) instalment payment dates for very large companies.
It was announced at Budget 2016 that the start date for these changes would be deferred. They will now apply for accounting periods beginning on or after 1 April 2019. This followed the government’s summer budget 2015 announcement CT instalment dates for very large companies would be changing.
Draft legislation and further guidance for this measure has also been published.