CORPORATION TAX

COMPLIANCE CORPORATION TAX

A record of tax made on profits and capital gains made by companies, calculated before dividends are paid.

Corporation tax is the tax which must be paid to HMRC on any profits before dividends made by a limited company during the accountancy period.

Apart from the possibility of incurring a penalty if you’re late in paying your Corporation tax bill, the benefit of paying your corporation tax early is that if you do pay within 6 months and 13 days after the start of your accounting period, HMRC will pay you interest which is currently 0.5%!

However, don’t forget that this interest will need to be recorded in your company accounts as it is taxable.

Whether or not you’re already a client of ours, why not contact us to see how we can help your business based on your situation.

Our Compliance Services

Contact Our Team of accountants in Oxted, Surrey to discuss our compliance services including Annual Accounts, Partnership Tax, Audits, P11ds, Employment Tax, Self-Employment Tax, Capital Gains Tax, Inheritance Tax and Tax Investigation Protection.

We were recommended to McKenzies Group back in the mid 80’s by our bankers, Lloyds. After a very unpleasant experience with our previous accountant and also a rather accrimonious exit, McKenzies Group set about putting together the financial controls to allow the business to grow. I am pleased to report that 30 years later we are still using McKenzies Group and they have grown with us, providing not only financial reporting but also a range of business advice worthy of any experienced non executive director.