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All companies in the UK are required by law to submit a Company Tax Return by the filing deadline even if there are no taxable company profits. If you run a limited company, we'll calculate and complete the corporation tax return.
If a personal self-assessment tax return is required, we'll also complete and submit this for the directors. To enable you to grow your business it is very important to monitor and control every area of the business in which you could minimise costs. We can help you in achieving this objective by working closely with you.
We can assist with all the following corporation tax requirements:
Whatever, the size of your business we at Westlands Accountants will provide you with a personal and professional service that will help you withal your tax matters by delivering accurate and timely advice. As your professional tax accountants we offer you sensible tax solutions explained in plain English and a great service at a fixed (and affordable) price.
We are also happy to come to your business premises or home to carry out the initial consultation. We will manage your corporate tax affairs to ensure you meet all your filing deadlines, and avoid paying late filing penalties. As a part of our engagement we will also handle correspondence with HMRC on your behalf.
A corporation tax return is a report submitted to HMRC that details a company’s profits, expenses, and the corporation tax owed. UK companies must file a corporation tax return annually to ensure compliance with HMRC tax regulations.
All limited companies operating in the UK must file a corporation tax return with HMRC. This includes businesses that have made a profit, as well as companies that may not have traded but are still registered.
Companies must usually file their corporation tax return within 12 months after the end of their accounting period. However, the corporation tax payment itself is typically due 9 months and 1 day after the accounting period ends.
A professional accountant prepares accurate corporation tax returns, ensures compliance with HMRC regulations, and identifies tax-efficient strategies for businesses. Accountants also help companies reduce errors and avoid penalties related to incorrect or late submissions.
Preparing a corporation tax return usually requires financial accounts, income records, expense documentation, payroll information, and previous tax filings. These records allow accountants to calculate profits and determine the correct corporation tax liability.