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:
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:
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:
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.
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.
Our process is fairly straightforward. We utilize approaches that are ideally tailored to your business sector’s performance requirements.
Are you busy with your business? Well, don’t worry. We will come to you and go through any records that need to be completed, resolve any concerns you might have, understand any problem your business has and provide your company with reliable and cost-effective assistance.
We never rush the process as most other suppliers do to earn money. We work with you and spend enough time to understand your business requirement. We involve you in devising a plan and work accordingly.
We emphasis on the results and guarantee you to exceed your expectations. We act as the personal advisers and tirelessly work to minimize your tax and other burdens.