CTM92550 - CTSA: quarterly instalments: identification of large companies

Companies are expected to:

  • decide for themselves if they need to make quarterly instalment payments (QIPs),

and

  • take the initiative to make instalment payments.

Companies must indicate on the return form (CT600) if they are a large or very large QIP case. See CTM92680 for further information on the 鈥楺IP鈥� signal and the COTAX Manual (COM) COM110000, business area 鈥楶ursuit鈥� for fuller details.

The computer issues payslips to companies when the 鈥楺IP鈥� signal on the company record is 鈥榩otential鈥�, 鈥楲鈥� or 鈥榁鈥�. It issues these about a month before the likely due date for an instalment payment they may need to make.

This is a non-statutory assistance measure and does not affect the principle that the Regulations require the company to act without prior prompting.