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Corporation Tax Return Filing (CT600)
Every UK limited company needs to file company tax return or corporation tax generally every year before the deadline in order to avoid late fines & penalties from HMRC. You must avail most of the exemptions, allowances and deductions in order to reduce your tax liability.
The corporation tax generally covers 12 months accounting period. In case your accounts cover period of less than 12 months, corporation tax accounting period still matches with that shorter period whereas if your account covers period of more than 12 months, you need to file two company tax returns by splitting the same into two corporation tax accounting periods – one is for the first 12 months and the second is for the remaining period.
Company tax return is prepared on the basis of profit & loss shown in your financial accounts. You need to adjust the profits in your financial accounts in order to calculate the taxable profits and include the same in corporation tax return. While working out profits, you can only deduct allowable expenses and use set capital allowances rather than including your own depreciation charges for assets.
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How Finacbooks help in filing Company Tax Returns?
Finacbooks is a leading UK portal providing accounting, finance & taxation services to freelancers, contractors, consultants and small businesses. We are having more than 10 years of experience helping freelancers, contractors, consultants & small businesses in offering company tax return service. We will guide you through the entire process of company tax return. To avail the best deals on company tax return, kindly call us at 03300886645 or you can also e-mail us at business@finacbooks.com.
Company Tax Return FAQs
