On 2 December 2015, HMRC published draft regulations and guidance for “very large” company corporation tax instalment payments. As announced in last year’s Summer Budget, the instalment payment dates for the largest of companies are being brought forward by four months.

From 1 April 2017, companies with annual taxable profits of at least £20m will be required to pay corporation tax by instalment in the 3rd, 6th, 9th and 12th month of the current accounting period.

The draft regulations and guidance can be found here: