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?

The revenue the Government are budgeting to generate from corporation tax this year amounts to £43.3 Billion (2009/10 - £36.5).

2011 and beyond

N/K = Not known