If your company's turnover is less than £1.5 million, you must pay any Corporation Tax that is due in full by the payment due date which is 9 months and 1 day after the end of your accounting period. HM Revenue and Customs (HMRC) will charge you interest on a daily basis if you don’t pay in full and on time.
How do I pay Corporation Tax?
- Use your 17-character Corporation Tax payment reference number you can find on your 'notice to deliver your tax return', any reminders from HMRC or in your company's HMRC online account
- Choose your payment method. You can pay your Corporation Tax bill through various methods such as online or telephone banking (Faster Payments, CHAPS, or Bacs), Direct Debit or at your bank or building society. You cannot pay Corporation Tax by post
- Make the payment. The time you need to allow for your payment to reach HMRC depends on how you pay. For example, payments through online or telephone banking (Faster Payments or CHAPS) or by debit or corporate credit card usually reach HMRC the same day or the next day. Direct Debit payments take 3 working days if you've set one up with HMRC before, or 5 working days if you haven't. Payments at your bank or building society take 3 working days
Note that if the deadline for payment falls on a weekend or bank holiday, you’ll need to make sure your payment reaches HMRC on the last working day before it, unless you're paying by Faster Payments or using online or telephone banking.
Learn more about paying Corporation Tax on gov.uk