Changes are being introduced for companies who are required to pay their corporation tax by quarterly instalments rather than once a year.
Historically, companies had to consider how many associated companies they had when deciding if they were required to pay by instalments.
Now HMRC are simplifying this test.
From April 2015, a company will more simply be required to pay by instalments if its taxable profits are greater than £1,500,000 divided by one plus the total number of its 51% subsidiaries.
We will await further detail but the promise of a simplified approach is very welcome.