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Where Taxpayers and Advisers Meet

Corporation Tax Quarterly Payments

Aidan Smyth
Posts:9
Joined:Tue Jun 06, 2017 7:17 pm
Corporation Tax Quarterly Payments

Postby Aidan Smyth » Fri Dec 15, 2017 7:28 am

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

wamstax
Posts:2019
Joined:Wed Aug 06, 2008 3:39 pm
Location:Operate Nationally but based in Aberdeen
Contact:

Re: Corporation Tax Quarterly Payments

Postby wamstax » Fri Dec 15, 2017 8:39 am

A company is an associated company irrespective of where it is resident
regards and hope this helps
http://www.wamstaxltd.com
Operates Nationally with competitive costs
and email and phone contact (mob 07751720507) can be obtained from websites


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