Corporation Tax

Every limited company based in the UK is subject to corporation tax on their profits. Limited companies that are non-UK based might still be expected to pay corporation tax in the UK if the main management of the company is carried out within the UK.

If you are a limited company you need to calculate how much profit is attributable to each accounting period and how much corporation tax is payable. This is done by submitting a corporation tax return to HMRC along with supporting accounts and tax computations. Strict penalties can be levied on companies which don’t file a corporation tax return within the allotted time as well as interest being levied on tax that is paid late.

We can help by conducting a tax review of your business and determining the most efficient tax structure for you. We will also ensure that all corporation tax compliances are met by preparing and submitting corporation tax returns on time and dealing with HMRC on your behalf and abbreviated accounts submitted to company house as per legislation.

We’ll offer the smart thinking needed to reduce your tax bill, by offering advice on the various allowable expenses that can be claimed as well as additional strategies to keep your tax bill small.