When are corporate taxes due?
The deadline for Corporation Tax varies by country but in the UK the deadline is based on your business’s specific accounting period (if profits are less than £1.5m). Your deadline to pay is nine months and one day after the end of your accounting period for your previous financial year.
This is very important to note as the deadline is different to other taxes. The rules are very precise and can be complicated but with careful planning you’ll be able to meet the deadline with minimal problems.
Things to note: If your business makes more that £1.5 million in profits then the above will not apply because you will need to pay your Corporation Tax in instalments. If your business makes a loss, and therefore no Corporation Tax is due, you will still need to declare this to HMRC to remain compliant.