| Commentary

23.5 Payment of the tax

| Commentary

23.5 Payment of the tax

The chargeable gains of a company must be included in the company’s self-assessment tax return in the same way as its trading profits1. In the context of trading profits, a company must usually pay its corporation tax bill nine months and one day after the end of the relevant accounting period2 unless it is a so-called ‘large company’ and subject to payment by instalments3.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial