Your Corporation Tax is payable 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. You must file your Corporation Tax Return is due for filing 12 months after your accounting period ends.
Company A Limited
Company A Limited accounting period ends on 31 December 2016 therefore its Corporation Tax is payable on 1 October 2017 and the Corporation Tax Return must be filed by 31 December 2017.
Company B Limited
Company B Limited was formed on 3 March 2016 and its accounting period ends 31 March each year. Company B will have 2 accounting periods to report on for Corporation Tax in the first year – 3 March 2016 to 31 March 2016 and 1 April 2016 to 31 March 2017.
How to Pay Your Corporation Tax
You can pay your Corporation Tax online. The back of your Corporation Tax payslip will tell you which HMRC bank account to make your payment into but if you are not sure use Cumbernauld.
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Use your 17-character Corporation Tax payslip reference for the accounting period you’re paying.
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