Corporation Tax is charged on trading, investment and Capital Gains – so how does that work? We dedicate a qualified manager to provide a personal service to help you. If you receive a letter from HMRC – send it to us. We do the rest.
What is Corporation Tax?
Corporation Tax is a tax on the profits of limited companies and some organisations including clubs, societies, associations, co-operatives, charities and other unincorporated bodies.
If your company or organisation is based in the UK, you’ll have to pay Corporation Tax on all your taxable profits – wherever in the world those profits come from.
If your company isn’t based in the UK but operates in the UK – for example through an office or branch (known to HMRC as a ‘permanent establishment’) – you’ll only have to pay Corporation Tax on any taxable profits arising from your UK activities.
Pay before you file your Tax Return
Corporation Tax is different. The deadline to pay your Corporation Tax is before the deadline to file your Company Tax Return. Generally you must:
• Pay the tax by 9 months and one day after the end of your company or organisation’s Corporation Tax accounting period and then
• File by 12 months after the end of your company or organisation’s Corporation Tax accounting period