The deadline to pay your tax will depend on the type of business you have.
Your tax and national insurance is due no later than 31st January following the tax year end that your accounts relate to. So for example, if your tax year ends 5 April 2014 then your tax bill will be due no later than 31stJanuary 2015.
If your tax bill is over £1,000 then you must pay payments on account. This means that HMRC will collect your tax plus the current year’s tax in two payments; one payment before 31st January and the second before 31st July.
Your corporation tax payable is due no later than 9 months and 1 day after your year end. So for example, if your financial year end was 31st March 2014 then your corporation tax would be due no later than 1st January 2015. Failure to pay the corporation tax on time could result in surcharges and interest being charged to your company.
You can pay your tax bill using the following methods:
You can transfer the tax you owe directly into HMRC’s bank account through faster payment. This means it will reach HMRC instantly.
It is possible for you to set up a direct debit with HMRC so that you can pay regular amount towards your tax bill.