What happens at the end of a period covered by a Group Payment Arrangement?
A Group Payment Arrangement closes for an accounting period at whichever is the later of: • the date when all companies covered by the arrangement have either filed their Company Tax Returns or had their Corporation Tax payable ‘determined’ by HMRC • the last filing deadline date for the Company Tax Returns Immediately following the closing date for the group payment period, HMRC will use the figures from the Company Tax Returns and/or determinations to work out the actual figures that were due for each payment for each company. These calculations will also show whether any interest is payable by HMRC, or due to be paid to them.
Related Questions
- What happens when there is an interruption in medical necessity for the oxygen equipment during the 36-month rental payment period (before the 36th continuous rental payment has been made)?
- When can a Participating Publisher expect to receive a payment for the Group II period (2007-2008)?
- What period of time is covered by an Interim Payment Claim?
