CTM92540 - Corporation Tax self-assessment (CTSA): quarterly instalments: transitional provisions
Regulation 4 (see CTM92505) phases in the liability to pay tax by instalments over four years so that for accounting periods ending:
| between 1 July 1999 and 30 June 2000 inclusive |
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- 60% of the company's total liability is payable by instalments. This leaves 40% payable on the normal due date (nine months and one day after the end of the accounting period);
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| between 1 July 2000 and 30 June 2001 inclusive |
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- 72% of the liability is payable by instalments. This leaves 28% to be paid on the normal due date;
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| between 1 July 2001 and 30 June 2002 inclusive |
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- 88% of the liability is payable by instalments. This leaves 12% to be paid on the normal due date;
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| on and after 1 July 2002 |
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- 100% of the liability is payable by instalments.
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