Corporation Tax is the tax that a Company pays on its profit.
There are many rules to follow and various tax allowances that can be claimed.
Part of our work in preparing your accounts is to calculate your Company’s Corporation Tax Liability.
If you subscribe to one of our higher level services we will review your potential Corporation Tax liability during the course of the year and offer you advice to reduce your bills.
Corporation Tax is due to be paid 9 months and 1 day after the end of your accounting period. The Corporation Tax Return is due to be filed with HMRC 12 months after the period end date. Interest is charged for late payment and penalties apply to the late submission of the Corporation Tax Return.
Our systems and procedures ensure that deadlines are not missed and you know your tax liabilities well ahead of the payment date.