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:

1 July 2025

30 June 2025

30 September 2025

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).

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Practice the full ACCA TX — Taxation Practice Exam 6

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