2110
Corporation Tax
Current Liabilities
Normal balance
Credit
This records Corporation Tax owed to HMRC on the company's taxable profits. As a liability, it normally carries a credit balance: the annual tax charge increases it (credit), and payment to HMRC decreases it (debit).
Other codes in Current Liabilities
| 2109 | Accruals |
| 2102 | Other Creditors |
| 2101 | Sundry Creditors |
| 2100 | Creditors Control Account |
| 2200 | Sales Tax Control Account |