Corporation Tax is a tax on the taxable profits of limited companies and other organisations including clubs, societies, associations and other unincorporated bodies.<strong> </strong>

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<strong><span style="text-decoration: underline;">Payment deadlines </span></strong>
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	<li>If your company or organisation's taxable profits are <strong><span style="text-decoration: underline;">£1.5 million or less</span></strong></li>
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You must pay your Corporation Tax by the normal due date, which is nine months after the end of your Corporation Tax accounting period.

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	<li>If your company or organisation's taxable profits are more <strong><span style="text-decoration: underline;">than £1.5 million</span></strong></li>
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You must normally pay your Corporation Tax for that period in instalments.

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Corporation Tax Rates
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<td valign="top" width="295">Rate</td>
<td valign="top">2011</td>
<td valign="top">2012</td>
<td valign="top">2013</td>
<td valign="top">2014</td>
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<td valign="top" width="295">Small Profits Rate</td>
<td valign="top">20%</td>
<td valign="top">20%</td>
<td valign="top">20%</td>
<td valign="top"> 20%</td>
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