How do I pay Corporation Tax?

By Chris Andreou
|
Last updated
August 6, 2024

Contents

How do I pay Corporation Tax?How do I pay Corporation Tax?

There are various ways you can make your corporation tax payment:

  • Same day or next day payments: CHAPS, online or telephone banking (Faster Payments)
  • Three working days: BACS bank transfers, Direct Debit, debit or credit card payment online, payment at a bank or building society
  • Five working days: Direct Debit (if you haven't set up a Direct Debit previously)

There are various ways you can make your corporation tax payment:

  • Same day or next day payments: CHAPS, online or telephone banking (Faster Payments)
  • Three working days: BACS bank transfers, Direct Debit, debit or credit card payment online, payment at a bank or building society
  • Five working days: Direct Debit (if you haven’t set up a Direct Debit previously)

Corporation Tax Calculator: Work Out Your Company Tax

In the UK, corporation tax is straightforward but essential to understand. Companies must calculate their taxable profits, which include trading profits, investment profits, and any capital gains. Once the taxable profit is determined, companies apply the current corporation tax rate to find out how much they owe.

Know how much corporation tax you owe in the financial year 2024/25 easily with our easy to use Corporation Tax Calculator. Using our calculator is straightforward and user-friendly. Just select your company’s gross profit, and the calculator does the rest. It applies the current corporation tax rates for 2024/25 and provides an accurate estimate of what you owe. This ensures you stay compliant with UK tax laws without the hassle of manual calculations.

Corporation tax calculator

Calculate the amount you could owe for UK corporation tax.

£15,000
£2,850
£0
£0
£2,850
£12,150
19%
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Corporation Tax Calculator: Work Out Your Company Tax

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