{"id":33907,"date":"2024-05-30T10:38:57","date_gmt":"2024-05-30T09:38:57","guid":{"rendered":"https:\/\/taxfix.com\/en-uk\/?p=33907"},"modified":"2025-06-04T11:40:19","modified_gmt":"2025-06-04T10:40:19","slug":"pay-corporation-tax","status":"publish","type":"post","link":"https:\/\/taxfix.com\/en-uk\/limited-companies\/pay-corporation-tax\/","title":{"rendered":"How to pay your corporation tax bill"},"content":{"rendered":"\n<p>We\u2019re sure most business owners will agree &#8211; paying your <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/company-tax\/\">corporation tax<\/a> bill is probably not the most exciting part of being a business owner. But it\u2019s definitely one of the most important! Ready to learn how to pay your corporation tax bill?<\/p>\n\n\n\n<p>We\u2019re here to make the process as simple as possible. This way, you can focus on what matters most \u2013 running your business!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is corporation tax?<\/h2>\n\n\n\n<p>Corporation tax is simply a tax paid to HMRC based on your annual company profits. The rate of corporation tax varies depending on your profits, but we\u2019ll go into more detail about this below.<\/p>\n\n\n\n<p>So, who needs to pay it?<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>All <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/limited-company\/\">limited companies<\/a> based in the UK<\/li>\n\n\n\n<li>Foreign companies with a UK branch or office<\/li>\n\n\n\n<li>Clubs, societies and associations<\/li>\n<\/ul>\n\n\n\n<p>Alas, limited companies do not have a tax-free <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/personal-allowance\/\">Personal Allowance<\/a> like sole traders do. We feel your pain.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is the corporation tax rate in the UK?<\/h2>\n\n\n\n<p>Your company will pay a rate of corporation tax depending on its <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/profit\/\">profits<\/a>\ud83e\udd11<\/p>\n\n\n<\/div> <!-- .c-body -->\n\n<div class=\"b-highlight-mini m-neutral m-align-left\">\n    <div class=\"b-block-body\">\n        <p><span style=\"font-weight: 400;\"><strong>Corporation tax<\/strong> <strong>rates<\/strong> in the 2025\/26 tax year.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Business income (profit)<\/b><\/td>\n<td><b>Tax rate<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Up to \u00a350,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u00a350,000 &#8211; \u00a3250,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19-25%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u00a3250,000+<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n    <\/div>\n<\/div> <!-- .b-highlight-mini -->\n\n<div class=\"c-body\">\n\n\n\n\n<\/div> <!-- .c-body -->\n\n<div class=\"b-highlight-mini m-blue m-align-center\">\n    <div class=\"b-block-body\">\n        <h3 class=\"wp-block-heading\">Am I eligible for marginal relief?<\/h3>\n<p><!-- \/wp:heading --> <!-- wp:paragraph --><\/p>\n<p>So, your business is generating profits between \u00a350,000 and \u00a3250,000. That means you may be eligible for some tax relief. Phew!<\/p>\n<p><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p>\n<p>But what exactly is it? Think of it as a tax buffer for medium-sized businesses. Instead of jumping straight to a higher tax rate once you reach \u00a350,000, marginal relief eases you into it.<\/p>\n<p>Essentially, you won\u2019t pay the top rate of tax yet, helping your business manage its corporation tax bill more comfortably as you grow.<\/p>\n\n    <\/div>\n<\/div> <!-- .b-highlight-mini -->\n\n<div class=\"c-body\">\n\n\n\n\n<h2 class=\"wp-block-heading\">How to pay your corporation tax bill<\/h2>\n\n\n\n<p>Now that you know how much you\u2019ll need to pay, let\u2019s dive into how you can pay your bill.&nbsp;<\/p>\n\n\n\n<p>Your corporation tax bill will be due in full or in instalments, depending on how much you owe. You can&nbsp;<a href=\"https:\/\/www.gov.uk\/pay-corporation-tax\" target=\"_blank\" rel=\"noreferrer noopener\">pay it online or via phone banking using this link<\/a>. You can also pay it in person at your bank or building society. <\/p>\n\n\n\n<p>Whichever method you choose, you&#8217;ll need access to your <a href=\"https:\/\/www.access.service.gov.uk\/login\/signin\/creds\" target=\"_blank\" rel=\"noreferrer noopener\">HMRC tax account<\/a> to be able to pay your corporation tax bill.<\/p>\n\n\n\n<p>You cannot pay your corporation tax bill by post.<\/p>\n\n\n\n<p>There are a few different methods of payment. Which way you choose depends on how quickly you need to send the payment to HMRC.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Same day (or next working day)<\/h3>\n\n\n\n<p>If your corporation tax deadline is looming, then one of the following payment methods might suit you:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Approve a payment via your online bank account<\/li>\n\n\n\n<li>Online or telephone banking using Faster Payments or <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/chaps-payments\/\">CHAPS<\/a><\/li>\n\n\n\n<li>Debit or corporate credit card (online)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3 working days<\/h3>\n\n\n\n<p>If you have a little more time to pay your bill, you might prefer to pay using:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Existing <a href=\"https:\/\/www.gov.uk\/pay-corporation-tax\/direct-debit\" target=\"_blank\" rel=\"noreferrer noopener\">Direct Debit<\/a> (if you\u2019ve paid this way before)<\/li>\n\n\n\n<li>Online or telephone banking via <a href=\"https:\/\/taxfix.com\/en-uk\/glossary\/bacs-payment\/\">BACs<\/a><\/li>\n\n\n\n<li>At your bank or building society<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">5 working days<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>New Direct Debit<\/li>\n<\/ul>\n\n\n\n<p>If you\u2019ve never paid by direct debit before, the process will take a little longer than pre-approved direct debits (3 working days). It\u2019s probably best to leave at least 5 working days for new direct debit payments to reach HMRC.<\/p>\n\n\n\n<p>You can find <a href=\"https:\/\/www.gov.uk\/pay-corporation-tax\" target=\"_blank\" rel=\"noreferrer noopener\">more information on HMRC&#8217;s website<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What\u2019s the deadline for paying corporation tax bill?<\/h2>\n\n\n\n<p>Your corporation tax is usually due 9 months and 1 day after the end of your company\u2019s accounting period. This varies for every business, so there isn\u2019t a set &#8216;deadline&#8217;, per se.<\/p>\n\n\n\n<p>We know it can be a bit confusing, especially if you&#8217;re new to this. To help you out, we\u2019ve explained everything in detail in our \u2018<a href=\"https:\/\/taxfix.com\/en-uk\/limited-companies\/when-is-corporation-tax-due\/\">when is corporation tax due?<\/a>\u2019 guide.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What happens if I pay my corporation tax bill late?<\/h3>\n\n\n\n<p>If you pay your corporation tax bill late, HMRC will charge your company interest until they receive your payment, yikes\ud83d\ude2a. This will be charged at the base rate plus 2.5%, so always try your best to pay on time and avoid any unwanted fees.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">I don\u2019t need to pay corporation tax bill, should I tell HMRC?<\/h3>\n\n\n\n<p>If you&#8217;ve wrapped up your financial accounts for the year and found that you don\u2019t owe corporation tax, you still need to let HMRC know.<\/p>\n\n\n\n<p>To do this, you have to submit a <a href=\"https:\/\/www.hmrc.gov.uk\/gds\/payinghmrc\/ct-nil.htm\" target=\"_blank\" rel=\"noreferrer noopener\">nil-to-pay form<\/a>. Or, you can mark the payslip reminder as \u2018NIL due\u2019 and send this back to HMRC. Either is fine, but the key is them know. Otherwise, they\u2019ll assume you didn\u2019t want to pay your tax bill and chase you with fines and penalties.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How do I know if HMRC got my corporation tax bill payment?<\/h3>\n\n\n\n<p>Don\u2019t panic if you haven\u2019t heard anything back. HMRC will update your <a href=\"https:\/\/online.hmrc.gov.uk\/login\" target=\"_blank\" rel=\"noreferrer noopener\">online account<\/a> within a few days, and you\u2019ll be able to see your payment there.<\/p>\n\n\n<\/div> <!-- .c-body -->\n\n<div class=\"b-cta-mini m-yellow m-align-left\">\n    \n    <div class=\"b-cta-mini__content\">\n\n        \n        <h2 class=\"b-cta-mini__title\">Get your company tax return sorted, for less<\/h2>\n\n        \n        \n        <div class=\"b-cta-mini__body\">\n            <div class=\"b-block-body\"><p>We&#8217;ll tackle your year-end accounts and corporate tax return for less, taking the stress out of the equation.<\/p>\n<p>Our <a href=\"https:\/\/taxfix.com\/en-uk\/limited-company-tax-service\/\">limited company tax service<\/a> will match you with an accredited accountant. And they&#8217;ll take care of everything for you for a one-off, affordable price.<\/p>\n<\/div>\n        <\/div>\n\n        \n        \n        <div class=\"b-cta-mini__action\">\n\n            <a href=\"https:\/\/taxfix.com\/en-uk\/assessment\/companyReturn\" class=\"c-button m-large  m-mobile-fullwidth\">Get Started<\/a>\n\n\n        <\/div>\n\n        \n    <\/div>\n<\/div> <!-- .b-cta-mini -->\n\n<div class=\"c-body\">\n\n","protected":false},"excerpt":{"rendered":"<p>We\u2019re sure most business owners will agree &#8211; paying your corporation tax bill is probably not the most exciting part of being a business owner. But it\u2019s definitely one of the most important! Ready to learn how to pay your corporation tax bill? We\u2019re here to make the process as simple as possible. This way, [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[503],"tags":[505,504,102,502],"class_list":["post-33907","post","type-post","status-publish","format-standard","hentry","category-limited-companies","tag-companies-house","tag-corporation-tax","tag-hmrc","tag-limited-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to pay your corporation tax bill &#8211; Taxfix<\/title>\n<meta name=\"description\" content=\"Corporation tax is a tax paid to HMRC based on your annual company profits. 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