Corporation Tax

A limited company is required to report on company profits, tax adjustments, and taxable profits to HMRC through a corporation tax return (CT600) within 12 months of the end of the company’s accounting period.

Our team of expert chartered accountants diligently prepares and files these documents with HMRC on behalf of your business, ensuring compliance and timely submission.

All UK-based limited companies are required to pay corporation tax on their earnings. Those limited companies situated outside the UK may also be required to pay corporation tax.

Initially, your business must be registered with HM Revenue and Customs (HMRC) through the official paperwork to acknowledge your corporation tax obligations.

Should your business be accountable for corporation tax, it’s necessary to determine the profit generated during each fiscal period and the corresponding amount of corporation tax due.

These details need to be submitted to HMRC via a corporation tax return, accompanied by the necessary financial statements and tax computations in support of the filing.

Late submission penalties and interest charges on overdue tax payments underscore the importance of adhering to deadlines set according to your company’s fiscal year-end.

Our accounting team is here to assist with the drafting of financial statements, tax returns, and computations, and can offer strategic tax planning advice to benefit both you and your enterprise

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