Newsletter Autumn 2017

Corporation tax payments

Your company’s corporation tax bill is payable nine months and one day after the end of the company’s accounting period, so by 1 October for a period that ended on the previous 31 December.

The corporation tax bill may be the largest single tax payment you make in the year, so it’s essential to get it right. Check these points:

If you want to pay the tax due by cheque rather than electronically, submit the cheque with the payslip for the period the tax relates to. Don’t use an older payslip which will contain the obsolete bank account number. Allow sufficient time for the cheque to arrive with HMRC via the post.