Bs Bookkeeping, Accounts and Tax

black-logo

Corporation Tax / LTD company tax returns CT600

If the thought of completing your company tax return (CT600) fills you with dread, then talk to us. Avoid the stress of potential errors and free up some of your time by allowing us to manage the process for you.

We make the whole process of completing your company tax return really easy, you won’t have to deal with HMRC, you’ll never miss a deadline and always pay the correct amount in tax.

A Corporation tax return must be filed with HMRC by all Limited Companies within 12 months after the financial year. The first step is to notify HMRC to let them know that your company is subject to corporation tax. If your company must pay corporation tax, you must determine how much profit it makes in each accounting period and how much tax is due.

A 12-month accounting period is maximum. So even though the CT600 isn’t due for another year, it must be paid within nine months and one day of the year’s end. Late returns or payments are subject to a penalty and possible interest. If in doubt, check the Companies House website to see when your company’s fiscal year
ends.

Corporation Tax, like many other taxes in the UK, is complex. A professional tax advisor can help you plan to minimise your tax liability. We have many years of experience in Corporation Tax, so be assured that your business is in safe hands.

Individuals, sole traders, and partnerships are not required to pay Corporation Tax but must instead file self-assessment tax returns (also known as Personal Tax Return or SA302).