If your business is a limited company, you are liable for corporation tax on taxable profits. It’s vital to prepare accurate tax computations, file your company tax return, and pay any tax due on time. At Taxac Consultants, we manage the full process on your behalf, ensuring compliance with UK law and timely submission.
We ensure your corporation tax is correctly calculated, all allowable claims are made, and filings are submitted without error, giving you confidence and more time to grow your business.
Payment is generally due 9 months and 1 day after the end of your accounting period; the CT600 and tax return must be filed within 12 months after period end.
If it exceeds 12 months, you may need to file two returns. If shorter, ensure the correct period is declared.
Complete accounting records, sales, expenses, profit & loss, balance sheet, capital expenditure, allowances, prior-year losses (if any), and relevant supporting documents (invoices, receipts, bank statements).
Yes, accounts and tax computations often need to be submitted in iXBRL format, using compatible software.
Late filing or payment can lead to penalties or interest charges from HMRC or regulatory authorities.
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