Corporation Tax
Expert corporation tax planning and compliance services to minimise your tax liability and maximise your profits.
What is Corporation Tax?
Corporation Tax in the UK is a tax that limited companies need to pay on their profits.
Corporation Tax is a bit like Income Tax for companies, but the difference is that companies don't have a personal allowance. This means that as soon as your business starts making a profit, it needs to start paying Corporation Tax at the Corporation Tax rate (unless it's previously made losses).
Understanding your Corporation Tax obligations is essential for effective financial planning and ensuring your business remains compliant with HMRC requirements.
Tax Calculations
Accurate calculation of your corporation tax liability
Tax Planning
Strategic planning to minimise your tax burden legally
CT Returns
Timely preparation and filing of corporation tax returns
Tax Relief
Identify all available reliefs and allowances
What Does a Limited Company Pay Corporation Tax On?
A company needs to pay Corporation Tax on the profits it makes from doing business ('trading profits'), its investments, and selling assets for more than they cost ('chargeable gains').
Company assets that may be subject to chargeable gains include:
- Land and property
- Equipment and machinery
- Company shares
How We Can Help
Our comprehensive corporation tax services cover every aspect of your tax obligations
"Effective tax planning isn't about avoiding your obligations – it's about understanding the rules and making them work for your business legally and efficiently."
Benefits of Our Corporation Tax Service
Our corporation tax service ensures your returns are filed accurately and on time, avoiding penalties and interest charges. We proactively identify opportunities to reduce your tax bill through legitimate reliefs, allowances, and tax planning strategies.
With our expert guidance, you can make informed decisions about your business finances, knowing exactly how much tax you'll need to pay and when. We take the complexity out of corporation tax, giving you peace of mind and more time to focus on running your business.
Need Corporation Tax Help?
Let us handle your corporation tax requirements and help you minimise your tax liability. Contact us for a free consultation.