ExpertEasy2 marksMultiple Choice
ACCA · Question 11 · Corporation tax liabilities
A company prepares accounts for the 9-month period to 30 September 2024. When is the normal due date for the payment of its Corporation Tax liability, assuming it is not a 'large' company?
A company prepares accounts for the 9-month period to 30 September 2024. When is the normal due date for the payment of its Corporation Tax liability, assuming it is not a 'large' company?
Answer options:
A.
1 July 2025
B.
30 June 2025
C.
30 September 2025
D.
1 January 2025
How to approach this question
Add 9 months and 1 day to the end of the accounting period.
Full Answer
A.1 July 2025✓ Correct
For companies that are not 'large', Corporation Tax is due 9 months and 1 day after the end of the accounting period. 30 September 2024 + 9 months = 30 June 2025. Adding 1 day gives 1 July 2025.
Common mistakes
Confusing the payment deadline (9 months and 1 day) with the filing deadline (12 months).
Practice the full ACCA TX — Taxation Practice Exam 6
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