2 min read
Why the bill catches companies out
Corporation tax is due nine months and a day after year end — long after the profit was earned and the cash often reinvested. Read corporation tax explained.
How financing helps
A working-capital facility covers the bill on time and is repaid as trading continues, avoiding interest and penalties. Estimate the bill with the corporation tax calculator.
What it means for you
Keep the deadline and keep your reserves.
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See indicative terms on business loans, or apply online in minutes.
Frequently asked questions
When is corporation tax due?
Nine months and one day after the end of your accounting period for most companies. The bill often arrives after the cash has been used, which is why financing it is common.
Is borrowing to pay tax a red flag?
Not for a profitable business bridging a timing gap. It becomes a concern only if borrowing masks a company that cannot generate enough profit to cover its taxes at all.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.