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

<strong> Corporation Tax Rates: 20%</strong>

<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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<ol start="2">
 	<li>If your company or organisation's taxable profits are more <strong><span style="text-decoration: underline;">than £1.5 million</span></strong></li>
</ol>
You must normally pay your Corporation Tax for that period in instalments.
