CTM97480 - CTSA: group payment
arrangements: short accounting period: example
- Company B participates in a group payment
arrangement for the group payment period 1 January 2001 to 31
December 2001.
- Company B ceases trading on 31 August 2001,
triggering the end of an accounting period.
- From 1 September 2001 to 31 December 2001 Company
B becomes an investment company.
- Provided that Company B draws up its accounts to
31 December 2001, it can continue to participate in the
arrangement.
If the period 1 September to 31 December 2001 is an accounting
period of Company B and not a dormant or an exempt period:
- its tax liability for the period 1
September to 31 December 2001,
and
- its tax liability for the accounting
period 1 January to 31 August 2001,
fall within the arrangement.
