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

2013 and beyond

N/K = Not known

Did you know?

That the Treasury is expecting to raise £36.8 billion (2011/12 - £34 billion) from onshore corporation tax and a further £8 billion (2011/12 £9.4 billion) from offshore corporation tax.