Corporation Tax is a tax on the profits made by UK limited companies. The amount owed depends on your business’s profits, and managing it efficiently can significantly impact your cash flow and profitability. Our team helps you navigate the complexities of Corporation Tax and ensures compliance with HMRC.

While it’s not mandatory to hire an accountant, working with a Corporation Tax accountant ensures that your return is accurate, compliant, and optimized to reduce your tax bill. We handle the entire filing process and ensure that all allowable expenses and reliefs are applied.

We offer a comprehensive range of Corporation Tax services, including:

• Corporation Tax Preparation: Ensuring your return is accurate and that all applicable tax reliefs are applied.
• Filing Corporation Tax Return (CT600): We manage the submission process, ensuring everything is filed on time to avoid penalties.
• Corporation Tax Planning: We help you develop tax strategies to minimize your tax liability and maximize your business’s financial efficiency.

Corporation Tax planning helps you identify tax-saving opportunities and strategies to reduce your overall tax burden. By working with our Corporation Tax advisors, you can ensure your business is taking full advantage of reliefs and deductions, optimizing your tax strategy for long-term growth.

If you miss the deadline for filing your Corporation Tax return (CT600), HMRC may impose penalties and interest on the unpaid amount. Our team ensures your returns are filed accurately and on time, so you don’t have to worry about late submission penalties.

Yes, we specialize in helping businesses identify and apply for relevant Corporation Tax reliefs. Whether you qualify for R&D tax credits, capital allowances, or other reliefs, we ensure you take full advantage of all available deductions.

The amount of Corporation Tax your company pays depends on its annual profits. The current rate for profits over £50,000 is 25%, while profits under £50,000 are taxed at 19%. Firms with profits between £50,000 and £250,000 may be qualified for Marginal Relief.

You must pay your Corporation Tax 9 months and 1 day after the end of your company’s accounting period. The Corporation Tax return (CT600) must be filed within 12 months after the end of the accounting period.

Simply contact us to schedule a consultation. Our team will assess your company’s tax situation and develop a customized plan to ensure compliance and optimize your tax savings.