Corporate and business tax

Corporationtax-quarterlyinstalmentpayments

The taxation issues you need to consider for both unincorporated and corporate businesses.

All Corporate and business tax factsheets

Most smaller companies pay their corporation tax in a single amount some months after their accounting period ends. Larger companies, however, are required to pay their liability in quarterly instalments spread across and just after the accounting period, based on an estimate of the tax expected to be due.

Getting these estimates right matters, since inaccurate payments can lead to interest charges. Companies approaching the size threshold where instalment payments apply should plan ahead, as the change in payment pattern can have a noticeable impact on cash flow if it is not anticipated in advance.

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