How often is Corporation Tax payable for large companies?

Corporation Tax for large companies is typically payable in installments, which are generally scheduled on a quarterly basis. This system allows large businesses to manage their cash flow more effectively by spreading their tax liability over the financial year rather than paying a lump sum at the end.

The quarterly payment schedule is structured to align with the company's accounting period and is based on the estimated tax liability for the year. This system helps to ensure that companies do not face a large tax bill all at once, which could impact their liquidity. Tax authorities often set specific due dates for these installments, which need to be carefully adhered to in order to avoid penalties or interest charges.

While some businesses might have different payment arrangements depending on their specific circumstances, the standard approach for large companies, as defined by legislation, is to make these quarterly payments. This system contrasts with other payment frequencies such as monthly or weekly, which are not typically applicable to large companies in the context of Corporation Tax.