How to pay your Corporation Tax bill
When to pay
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 for your first set of company accounts.
Taxable profits over £1.5 million
You will need to pay your Corporation Tax in quarterly instalments
Ways to pay
Other ways to pay include cheque and direct debit, but these take 3 working days to clear. New direct debits set up take 5 working days to clear. Please be aware that if the deadline falls on a weekend or bank holiday then the payment needs to reach HMRC on the previous working day.
As there may be unexpected issues with payment providers, especially at peak times, we would recommend payments are made well in advance of any deadline.
Account details to use
08 32 10
17 digit reference on payslip