If your company is caught by the quarterly instalment payments rules, the first payment of corporation tax for a current accounting period will be before payment has been made for the previous accounting period. At Mackenzies, we can help check whether the regime may apply to your company and assist you to comply with the requirements of the regime for your business in the Isle of Wight area.
If you think your company in the Isle of Wight area may be affected by the corporation tax quarterly instalment payments regime, procedures will need to be set in place to estimate the liability.
We will be more than happy to provide you with assistance or any additional information required so please do contact us at Mackenzies.