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UK Publishes Draft Changes to Installment Payment Dates for Very Large Companies

|Proposed Changes|United Kingdom
United Kingdom

On 2 December 2015, the UK HMRC published draft legislation for changes to the installment payment dates for very large companies as announced in the Summer Budget 2015 ({News-2015-07-10/P/2- previous coverage}). Under current rules, large taxpayers (generally those with annual profits exceeding GBP 1.5 million) are required to make quarterly installment payments based on estimated profits with…

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