Company Taxation Manual

CTM92825 - CTSA: quarterly instalments: very large companies: amounts due at each instalment: formula

The amount of a very large company바카라 사이트檚 liability that is due on the instalment dates (바카라 사이트淐TI바카라 사이트�) is the total liability as calculated under paragraph 8(1) of Schedule 18 Finance Act 1998 (which includes tax charged in respect of controlled foreign companies and the Bank CT surcharge) but excluding the following:

• bank levy
• CT or supplementary charge on ring fence profits and adjusted ring fence profits of oil and gas companies.

If there is only one payment date, the whole of the liability is due on that date.

If there is more than one instalment date:

• the amount due on the first instalment date is the lesser of CTI and the amount given by the formula below.
• the amounts due on the second and third instalment dates is the lesser of CTI - B and the amounts given by the formula below. B is the amount of the liability due to be paid on the previous instalment dates.
• the amount payable on the final instalment date is CTI - B.

The formula is:

3 x (CTI /(wm + wmd))

Where:

• 바카라 사이트渨m바카라 사이트� is the number of whole months falling within the accounting period;
• 바카라 사이트渨md바카라 사이트� is the decimal (calculated to two places rounded arithmetically where necessary) of the fraction R/30, where 바카라 사이트淩바카라 사이트� is the number of days in an accounting period outside the whole months represented by 바카라 사이트渨m바카라 사이트�.