Corporation Tax Returns

corp-taxYou must pay Corporation Tax on profits from doing business as:

  • a limited company
  • any foreign company with a UK branch or office
  • a club, co-operative or other unincorporated association
  • eg. a community group or sports club

You don’t get a bill for Corporation Tax. There are specific things you must do to work out, pay and report your tax.

Company accounts do not necessarily fall in line with the financial year end (5th April) as the accounts for companies fall in the same month as incorporation- this may be subject to alteration and can be changed upon request, subject to certain rules.

In general a company has nine months from the end of the accounting period in which to file the accounts and pay any Corporation Tax, although this may not be the case in the first trading period.

HMRC have introduced changes with effect from 6th April 2016, please call if you would like to discuss what this means for your company and if there are any changes that can be made in order to minimise the Corporation Tax liability.

Let us help you manage your company accounts to determine your Corporation Tax liabilities.