Paying Corporation Tax

If your company pays its Corporation Tax late or doesn't pay enough, HMRC will automatically charge interest on the outstanding amount. This interest accrues daily from the day after your payment deadline until you settle the bill. Understanding how these charges work can help...

4 min read

If your company has overpaid Corporation Tax, you're entitled to a refund from HMRC, and you may also receive interest on the overpayment. This guide explains how to claim your refund, when HMRC pays interest on overpayments, and how overpayment relief works if you discover a...

4 min read

You need to pay your Corporation Tax by the deadline to avoid interest charges. Most companies must pay 9 months and 1 day after their accounting period ends, though larger companies may need to pay in instalments. There are several ways to pay, from online banking to Direct D...

6 min read

If your company makes substantial profits, you'll need to pay your Corporation Tax earlier than usual – in quarterly instalments rather than in one lump sum nine months after your accounting period ends. This applies when your annual profits exceed £1.5 million, though excepti...

6 min read

If you run a group of companies, you can simplify your Corporation Tax administration by setting up a Group Payment Arrangement. This allows one nominated company to make combined tax payments on behalf of multiple group companies, which can reduce administrative burden and po...

5 min read