CORPORATION
TAX
A UK resident company pays Corporation Tax on
its worldwide income, profits and gains. It does
not pay Income Tax or Capital Gains Tax.
In arriving at its tax liability, a Company's income
and capital gains are simply added together and treated
as a single total sum chargeable to Corporation Tax.
Companies now also fall under a Self assessment
system referred to as Corporation Tax Self Assessment.
Under Corporation Tax Self Assessment, the Company
is generally required to submit a Tax Return within
twelve months of its accounting date.
Non compliance with the Corporation Tax Self Assessment
regime will result in automatic penalties, surcharges
and interest.
We can prepare and submit your self assessment tax
return to the Inland Revenue and advise on due date
of payment of tax liability. We can also advise on
any tax repayments due from the Inland Revenue.
We will explain the tax computation and resulting
tax position to you and ensure you fully understand
any issues arising.
We will liaise with the Inland Revenue on your behalf
and release you from the burden of dealing with the
Inland Revenue.
We will give you guidance on areas in which we consider
you could legally avoid tax and guarantee to regularly
inform you of your tax payable, if any, in advance
of deadline.
Annual Company Tax Returns cause many businesses
concern and stress each year. We offer competitive
pricing on tax returns and are very flexible. Let
us take this hassle away from you.
For further information on any of our services
or to make a business enquiry please complete our
Enquiry Form.
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