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How and when do I need to pay corporation tax?

The deadline for your payment will depend on your taxable profits.

Taxable profits of up to £1.5 million

You must pay your Corporation Tax 9 months and 1 day after the end of your accounting period. Your accounting period is usually your financial year, but you may have 2 accounting periods in the year you set up your company.

Taxable profits of more than £1.5 million

You must pay your Corporation Tax in instalments.

Ways to pay
Make sure you pay HM Revenue and Customs (HMRC) by the deadline. They may charge you interest if you don’t pay on time. They’ll pay you interest if you pay your tax early.

The time you need to allow depends on how you pay.

Same day or next day

3 working days

5 working days

You can’t pay Corporation Tax by post.

If the deadline falls on a weekend or bank holiday, make sure your payment reaches HMRC on the last working day before it (unless you’re paying by Faster Payments).

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