{
  "url": "https://openlegislation.uk/finance-act-2020/section-26",
  "json_url": "https://openlegislation.uk/finance-act-2020/section-26.json",
  "legislation": "ukpga/2020/14",
  "legislation_title": "Finance Act 2020",
  "legislation_url": "https://openlegislation.uk/finance-act-2020",
  "path": "section/26",
  "kind": "section",
  "number": "26",
  "heading": "Quarterly instalment payments",
  "text": "(1) The Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175) are amended as follows.\n(2) At the end of regulation 3 (large and very large companies) insert—\n(11) A company which—\n(a) is chargeable to corporation tax for an accounting period only because of a chargeable gain accruing to the company on the disposal of an asset, and\n(b) would, apart from this paragraph, be a very large company by virtue of this regulation in respect of the accounting period,\nis to be treated for the purposes of these regulations as if it were a large company by virtue of paragraph (1).\n(3) In regulation 3(10), in the words before paragraph (a), after “12 months” insert “ and paragraph (11) does not apply ”.\n(4) The amendments made by this section have effect in relation to accounting periods beginning on or after 11 March 2020.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2020/14/section/26",
    "retrieved_at": "2026-10-28T16:59:25.131008+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}