CORPORATION TAX
Do you need to file a Corporation Tax return for your company?
Handling corporation tax can be complex and time-consuming. At Next Accountancy, we specialise in helping businesses across the UK manage their corporation tax efficiently while ensuring full compliance with HMRC.
Our experienced accountants work with businesses of all sizes, from new start-ups to established companies, offering complete corporation tax services including planning, preparation, filing, and advisory support. We make sure your company meets all HMRC obligations accurately and on time.
With Next Accountancy, you benefit from:
Accurate Corporation Tax Filing – Prevent costly errors and penalties with expert submissions.
Strategic Tax Planning – Minimise your corporation tax liability and improve cash flow.
Professional Guidance – Understand and comply with complex HMRC requirements confidently.
Nationwide Expertise – UK-based support tailored to your company’s needs.
Whether you’re setting up a new business or looking to optimise your existing tax strategy, Next Accountancy simplifies the corporation tax process, allowing you to focus on running and growing your business.
Key Points
Corporation Tax is the tax that UK companies pay on their profits. All limited companies, including subsidiaries, foreign companies with UK branches, and certain clubs or associations, must pay Corporation Tax on their taxable earnings.
Any business that is incorporated in the UK or operates a UK branch or office and earns a profit is required to pay Corporation Tax. This includes limited companies, overseas companies with UK operations, and some not-for-profit organisations.
Corporation Tax is calculated on your taxable profits, which include trading income, investment gains, and capital profits. HMRC sets detailed rules for what expenses, deductions, and reliefs can be claimed.
The tax payment is generally due 9 months and 1 day after the end of your company’s accounting period, and payments are made directly to HMRC online.
Companies must also file a Company Tax Return (CT600) within 12 months of the accounting period’s end, this can be submitted via HMRC’s online portal or by your accountant.
Failing to pay or file on time may lead to penalties, interest charges, or enforcement action by HMRC, so staying compliant is essential to avoid unnecessary costs.