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Corporation Tax

Who needs to submit a Corporation Tax Return?

Whatever type of business you have, whether it be a partnership, LLP or limited company – a Corporation tax return must be submitted to inform the HMRC of any tax due. Without this return you will be fined. Luckily, your Corporation tax return can be submitted online. And as Online Accountants, we’re in the best position to do this for you.

How can we help?

Tax can be very complex, even for the simplest of set ups. It is usually always best to seek professional advice. As Online Accountants we can advise you as soon as you contact us. Plus we can submit your CT600 online as soon as your accounts are approved.

We can often reduce the tax due by ensuring businesses are claiming all the expenditure available to them. Most business owners are not aware of everything they can claim as an expense on their corporation tax return or even potential tax allowances they can claim.

FAQs

What is corporation tax?

Corporation tax is a tax on a limited companies profits. At the moment, the current corporation tax rate is 20% although this is revised each year during the budget.

How do I submit a Corporation tax return?

There are a few ways to submit a corporation tax return (CT600) to the HMRC and it may depend on the size of your business. You can complete it online using the HMRC website. If you have an accountant, they will usually have specialist software they can use to submit it directly on your behalf. We can sub it your corporation tax return online on your behalf once you have approved everything.

What is a Capital Allowence?

On your online corporation tax return to the HMRC you can claim tax relief on capital items. Purchases such as computers, fixtures and fittings or equipment can be 'written down'. Capital allowances are given in place of depreciation which is added back to profit to calculate any corporation tax due.

what we provide

Complete accounting solution, from annual accounts to bookkeeping and payroll

Your own dedicated accountant who loves doing the stuff you hate

Online clientPORTAL for you to upload your paperwork direct to us (or freepost envelope should you wish to send it)

Management of deadlines to ensure compliance

All returns and filings (let us do the hard work)

Pay monthly by direct debit

Full support and representation on any HMRC enquiry

Unlimited help and advice from people in the know

Complete accounting solution, from annual accounts to bookkeeping and payroll

Your own dedicated accountant who loves doing the stuff you hate

Online clientPORTAL for you to upload your paperwork direct to us (or freepost envelope should you wish to send it)

Management of deadlines to ensure compliance

All returns and filings (let us do the hard work)

Pay monthly by direct debit

Full support and representation on any HMRC enquiry

Unlimited help and advice from people in the know

We provide online accountancy services, across the UK, from as little as £18.75 a month.

The modern world requires a modern way of accounting. This is exactly what we offer. The cloud has made online accounting not only a possibility, but a real asset to small businesses . We have packages to suit everyone. So whether you work in an office and want to keep an eye on everything day to day or you work in construction and looking for an easy way to manage your paperwork we have a solution that works. Plus we give all our clients SageOne for free (saving you £240 a year!)

It really is as simple as taking a picture of your receipt or invoice on your phone and uploading it to our clientPORTAL. We do the rest!

Plus, we’re small business experts! businesses from each and every part of the UK are moving their accounts to us and with our easy switch service, we manage the move from your old accountant. So you can sit back and relax, safe in the knowledge that everything is in hand.
We offer everything from:
Annual Accounts
Bookkeeping
VAT returns
Payroll
Tax Returns
and even Mangement Accounts

 

Talk to an expert.

Sam Boothroyd CGMA
- Founder

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