Pay your Corporation Tax bill
Overview
The deadline for your payment will depend on your taxable profits.
This guide is also available in Welsh (Cymraeg).
Taxable profits of up to 拢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 拢1.5 million
You must pay your Corporation Tax in instalments.
Check the rules and deadlines:
- if your taxable profits are between 拢1.5 million and 拢20 million
- if your taxable profits are more than 拢20 million
Paying Corporation Tax penalties
You鈥檙e charged late filing penalties if you do not file your Company Tax Return on time, even if there is no tax to pay.
Pay penalties using:
- any of the available ways to pay聽
- the 17-character Corporation Tax payment reference number for the accounting period that the penalties apply to
You can find your payment reference number:
- on your 鈥榥otice to deliver your tax return鈥�
- on any reminders from HMRC
- in your company鈥檚
Ways to pay
Make sure you pay HM Revenue and Customs (HMRC) by the deadline. They may charge you interest if you do not pay on time. They鈥檒l pay you interest if you pay your tax early.
Choose the way to pay that allows enough time for your payment to clear.
You cannot pay Corporation Tax by post.
Same day or next day
- approve a payment through your online bank account
- online or telephone banking by Faster Payments or CHAPS
- online by debit or corporate credit card
3 working days
- Direct Debit (if you鈥檝e set up one for HMRC before)
- online or telephone banking by Bacs
- at your bank or building society
5 working days
- Direct Debit (if you have not set up one for HMRC before)
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鈥檙e paying by Faster Payments using online or telephone banking).