- How to pay Corporation Tax
- Managing your cash flow to pay Corporation Tax on time
- Deadlines and requirements for Corporation Tax
- No Corporation Tax to pay and refunds
- Interest paid when Corporation Tax is overpaid or paid early
- What to do if you can't pay Corporation Tax
- How HMRC collects unpaid Corporation Tax
- Instalment payments of Corporation Tax
- Group Payment Arrangements for Corporation Tax
What to do if you can't pay Corporation Tax
At times you may struggle to pay your company or organisation's Corporation Tax. If you think you won't be able to pay your Corporation Tax on time, it's important that you contact HM Revenue & Customs (HMRC) right away.
This guide tells you what to do if you think you can't pay your Corporation Tax on time or at all.
On this page:
- Payment deadlines for Corporation Tax
- If you can't pay your Corporation Tax on time
- Waiting for a tax repayment from HMRC
- More useful links
Payment deadlines for Corporation Tax
If your company or organisation has taxable profits of up to £1.5 million, you must pay your Corporation Tax by nine months and one day after the end of your Corporation Tax accounting period. For example, if your companies accounting period ends on 31 May, your Corporation Tax payment is due on or before 1 March the following year.
Deadlines and requirements for Corporation Tax
If your company or organisation has taxable profits of more than £1.5 million, you must pay your Corporation Tax earlier, normally in four instalments. The threshold can be less than this if, for example, there are any associated companies.
Instalment payments of Corporation Tax
You need to plan ahead to manage your cash flow to make sure you meet these deadlines or you'll face paying interest if you pay late or not at all.
Managing your cash flow to pay Corporation
Tax on time
If you can't pay your Corporation Tax on time
New payment problems
If this is the first time you've had a payment problem, and you've not approached HMRC already, please contact the Business Payment Support Service (follow the link below to find out more).
Getting in touch with the Business Payment Support Service is the most important action you should take. HMRC will consider your case on its own merits, taking your company or organisation's individual circumstances into account.
Find out more about the Business Payment Support Service
Ongoing payment problems or if you already have a payment arrangement with HMRC
If HMRC has already contacted you about an overdue payment or if you have a payment arrangement in place and are experiencing further difficulties, it's important that you call the office that contacted you.
Read more about contacting HMRC about an ongoing payment problem
Next steps
As well as contacting HMRC if you can't pay your Corporation Tax, you should also:
- File your Company Tax Return on time even if you can't pay the Corporation Tax due. If you don't file your return, you may be charged additional penalties.
- Pay as much Corporation Tax as you can, even if you can't pay the full amount on time. This will reduce the amount of charges such as interest and penalties that are calculated on the amount of late Corporation Tax still outstanding.
Waiting for a tax repayment from HMRC
If you're waiting for a repayment of overpaid Corporation Tax and this is causing you cash flow problems you should contact your Corporation Tax Office to discuss this.
You'll find the telephone number on the correspondence sent to you or you can find your Corporation Tax Office by following the link below.
Find
your Corporation Tax Office
More useful links
How HMRC collects unpaid Corporation Tax
Organisations that can help you with debt problems
Information about dealing with business debts from Business Debtline
Find a filing and payment tool for Corporation Tax deadlines on the Business Link website
