Interest paid when corporation tax is overpaid or paid early

We pride ourselves on our bright, motivated and committed team of experienced tax debt advice advisers and our hands on approach to solving complex business tax debt advice issues.

If you pay your company or organisation's Corporation Tax before it's due, HM Revenue & Customs (HMRC) may pay your company or organisation interest. This is known to HMRC as 'credit interest'. The interest rate used by HMRC is set by the government and usually follows commercial interest rates.

Credit interest is normally paid from the date you paid the tax up to your company or organisation's normal due date. But it will not run from a date earlier than six months and 13 days from the start of the accounting period (unless that period is shorter than three months).

SMEs, businesses and companies in the UK are increasingly falling prey to corporation tax debt and are turning to our advice teams for assistance .We offer a range of solutions tailored to the tax needs of small business and companies. Contact us online using our online tax enquiry form or alternatively call us today.