Corporation tax

Corporation tax rates and bands are as follows:

Corporation tax payable

For small and medium sized companies

• Nine months and one day after the end of the accounting period

For large companies

• Instalments
  • The 14th day of the seventh, tenth, 13th and 16th months after the commencement of a 12 month accounting period
• Balance
  • Nine months and one day after the end of the accounting period

Did you know?

That the Government expects to receive £34.7 billion from Corporation Tax in the current tax year (2008/09 £43.4 billion)