{
  "url": "https://openlegislation.uk/corporation-tax-instalment-payments-amendment-regulations-2014/note",
  "json_url": "https://openlegislation.uk/corporation-tax-instalment-payments-amendment-regulations-2014/note.json",
  "legislation": "uksi/2014/2409",
  "legislation_title": "The Corporation Tax (Instalment Payments) (Amendment) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/corporation-tax-instalment-payments-amendment-regulations-2014",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175) (“the principal Regulations”) following changes to simplify tax legislation as a result of the unification of corporation tax rates in the Finance Act 2014. The principal Regulations provide that a large company’s liability to corporation tax for an accounting period is due and payable in instalments.\nRegulation 1 deals with citation, commencement and effect.\nRegulation 2 amends regulation 2 to up-date the statutory reference to the defined term “augmented profits” and amends regulation 3 to make consequential amendments to the definition of a large company following the simplification measures in Finance Act 2014. The amendment inserts an amount for the profit limit, a formula to determine the profit limits in the case of certain groups and an apportionment provision.\nA Tax Information and Impact Note covering this instrument was first published on 10 December 2013 and is available on the HMRC website at https://www.gov.uk/government/publications/finance-bill-2014-tiins . This remains an accurate summary of the impacts that also apply to this instrument.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/2409/note",
    "retrieved_at": "2026-10-29T00:03:20.126897+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}