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Corporation Tax Services

Our corporate tax accountants can aid in the filing of corporate reports, corporation tax payment, and tax assessments
corporation tax services

Corporation Tax Services

 

What is Corporation Tax Return? 

Corporation tax return is also known as company tax return. All limited companies need to pay corporation tax. The rate of corporation tax is currently set at 19%. A company must submit its corporation tax return (CT600) and pay corporation tax if your company has chargeable profits. However, in case your company has not gained any profit, you will still need to submit the return. Your company shall be assessed on the profits made before the accounting period which is considered as the taxable period.

You submit your accounts with Companies House while the corporation tax with HMRC. The deadlines for submitting your accounts with Companies House are as follows:

  • You can submit your first account 21 months after the registration date with Companies House
  • You can submit annual accounts 9 months after the end of your company’s financial year

Why is it important?

It is imperative for your company to submit the corporation tax returns as failure to do so will result in penalties after the due date. Companies are required to submit their tax returns annually from the accounting period. The current penalties for late submission are as follows:

  • If you have a late submission of up to 1 month then the penalty is £150.
  • If you have a late submission of up to 1 to 3 months, then the penalty is £375.
  • If you have a late submission of up to 3 to 6 months, then the penalty is £750
  • If you have a late submission of more than 6 months, then the penalty is £1,500

For smaller companies, the corporation tax is payable in nine months and one day. Other requirements that your company needs to comply with are as follows:

  • If your company’s turnover is greater than £200 million then you are required to identify the senior accountant officer of your company to the HMRC.
  • Schemes and plans for tax avoidance must be disclosed upon tax return.
  • If your company fails to comply with the rules and regulations or the reporting mechanism given by HMRC then you can be fined up to £1 million.

How can our corporate tax accountants will help you with your tax returns?

We are one of the growing corporate tax accountants providing corporation tax services exclusively.

Naseems Accountants has over forty years’ worth of experience in helping its clients. We can help you in submitting corporation taxes, confirmation statements, company house accounts and refunds. We understand that you may have a busy schedule due to your business therefore we will come to your aide in order to mainstream your financial matters.

How do we operate? We determine risk areas, establish strategies that minimize financial statements and exposures to tax compliance. Our consumer and employees appreciate the reputation for expertise, performance, attention to detail and outstanding service.

Why choose us?

Our corporate tax accountants can aid in the filing of corporate reports, corporation tax statements, and tax assessments, and they can even counsel you and your organization in any tax planning issues.

This will support you with structuring your wage plan with compliance with the law so that you can profit from the full salary after taxation.

corporate tax accountants

JOIN US IN THREE EASY STEPS

Our process is fairly straightforward. We utilize approaches that are ideally tailored to your business sector’s performance requirements.

Get in touch

Get in touch

Do you have questions about your corporation tax? Are you looking for professional corporation tax services? We are happy to assist you in any way that we can.

Talk to an expert

Talk to an expert

A corporation tax expert will talk to you about your needs. We are happy to serve as your corporate tax accountant.

Get a fixed quote

Get a fixed quote

Next, you need to say “YES.” We can provide a fixed quote, so that you only pay for the level of services that you require.