Corporation Tax
Do you need to file a corporation tax return for your company?
Managing corporation tax can be a complex and time-consuming process for businesses. At UKZ Accountancy, we specialise in providing expert corporation tax services to businesses across Birmingham, helping you stay compliant while optimising your tax position.
Our experienced team understands the unique challenges faced by businesses in Birmingham, from small startups to large enterprises. We offer comprehensive services including corporation tax planning, preparation, filing, and advisory services to ensure your company meets all HMRC requirements efficiently.
With UKZ Accountancy, you’ll benefit from:
Accurate Corporation Tax Filing – Avoid costly mistakes and penalties with precise submissions.
Tax Planning Advice – Strategically reduce your corporation tax liability and improve cash flow.
Expert Guidance – Navigate complex HMRC regulations with confidence.
Local Birmingham Expertise – We understand the local business landscape and can provide tailored support.
Whether you’re a new business looking to set up or an established company aiming to optimise your tax strategy, UKZ Accountancy in Birmingham is here to simplify the process. Let us handle your corporation tax obligations so you can focus on growing your business with peace of mind.
Key Points
Corporation tax is a tax that UK companies pay on their profits. All limited companies, including subsidiaries, foreign companies with UK branches, and certain clubs or associations, are required to pay corporation tax on their taxable profits.
Any company that is incorporated in the UK or has a UK branch or office and makes a profit must pay corporation tax. This includes limited companies, foreign companies with UK branches, and some clubs or associations.
Corporation tax is calculated based on your company’s taxable profits, which include trading profits, investment income, and capital gains. HMRC provides specific rules for allowable expenses, deductions, and reliefs.
Corporation tax is usually due 9 months and 1 day after the end of your company’s accounting period. Payments can be made online to HMRC.
Companies must submit a Company Tax Return (CT600) to HMRC, usually within 12 months of the end of the accounting period. This can be done online through HMRC’s portal or via an accountant
Failing to pay corporation tax on time can result in penalties, interest charges, and enforcement action from HMRC. It’s essential to stay compliant to avoid unnecessary costs
