Dear friends,
A Company follows accounting/tax year 1st April to 31st March. It had no revenue until 31st March 2018. It is expecting a profit of around £8 million in the financial year 2018-19. Would it pay tax in installments (two falling in the year 2018-19 and two in next year) or pay entire tax liability on normal payment due date which is 1st Jan 2020 in this case?
Appreciate if anyone can advise please.
Thanks,
Pankaj
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