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Arrangefinal.doc GROUP PAYMENT ARRANGEMENT This Arrangement (?the Arrangement?) is made the day of between (1) the Commissioners for Her Majesty?s Revenue and Customs of 100 Parliament Street SW1A.

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Use your 17-character Corporation Tax payment reference number for the accounting period you're paying. You'll find your reference number: on your 'notice to deliver your tax return' or on any reminders from HMRC.

A Group Payment Arrangement (GPA) is a customer service provided by HMRC at the request of large companies, to help them cope with the switch to Quarterly Instalment Payments (QIPs). This arrangement is not covered by any specific legislation or Regulations.

You pay Corporation Tax at the rates that applied in your company's accounting period for Corporation Tax. If your company made more than £250,000 profit, you'll pay the main rate of Corporation Tax. If your company made a profit of £50,000 or less, you'll pay the 'small profits rate', which is 19%.

The UK Government confirmed in March 2023 that the main rate of Corporation Tax levied on UK businesses will rise from 19% to 25%. The rate of 19% will still apply to taxable profits up to and including £50,000. Taxable profits above this level will be taxed at a higher rate.

Historically in recent years there has been a flat rate of Corporation Tax of 19%. From April 2023: The main rate of Corporation Tax will be 25% for Companies with profits of £250,000 or more – this applies to all profits. A Small Profits Rate of 19% will exist for Companies with profits of £50,000 or less.

With a Group Payment Arrangement, you only need to make one payment of Corporation Tax to HMRC , no matter how many companies are in the group. But you must make this payment using the special payment reference provided by HMRC , not the reference normally used by the individual companies.

From April 2023 onwards, the main rate of Corporation Tax will rise from 19% to 25%. Although the current 19% rate will still apply if your profits are £50,000 or less, your company will pay more tax on profits above this level. Click here to use our April 2023 Corporation Tax rise calculator!

Corporation tax is paid to the government by UK companies and foreign companies with UK offices. It is charged on their profits - the amount of money companies make, minus their costs (money spent on things like staff and raw materials). The tax is currently charged at 19% of profits.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232