Client has trading holding company in UK and a trading company subsidiary in UK and another in Germany. Both subsidiaries are wholly owned.
In considering quarterly payment requirements do I divide the £1.5m limit by 2 or 3 - in other words does the overseas subsidiary affect the limit per UK company for the purposes of the payment on account regime?
Is it the same for AIA capital allowance purposes or does the group as a whole receive the £200k allowance irrespective of which of the UK companies incurs the capex?
Thank you
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