Learn More
We have capacity to assist with individuals or businesses accounting, tax and business advice.
Learn More
We have capacity to assist with individuals or businesses accounting, tax and business advice.
Learn More
We have capacity to assist with individuals or businesses accounting, tax and business advice.
Corporation Tax Returns Made Effortless
Focus on Managing Important Duties, and Leave the Tax Returns to Us
0203 442 1900
Contact Us
UK's taxation laws are notorious for being complex. Especially for corporations, the laws are stricter. What makes corporation tax returns difficult is that they differ for various types of businesses. If that is not enough, the tax returns are also different according to the state of the business. For example, the businesses that are starting may qualify as dormant, and they may be subjected to different compliance laws. As a business owner, staying compliant with constantly changing tax laws can be a daunting task. From filing taxes to navigating tax laws, it can be challenging to understand the nuances of tax code and how it affects your business. That's where our corporation tax returns services come in. Our tax assistance and advisory services help businesses of all sizes understand and navigate the complex tax laws that apply to them. Our professional accountants have all the financial expertise needed to provide guidance on all aspects of tax planning and compliance, ensuring that you can run your corporation's important tasks while we handle difficult financial matters.
Our Testimonials
Wow! Oxbridge Accountants are a real genius in their fields. They have amazing insight and expertise throughout to help with any question relating to business start-ups, tax, VAT returns, bookkeeping and general accounting services. They go the extra mile. They offer a more strategic business growth support for success. They are first class! I recommend them highly.
Kevin at South London office was friendly and highly professional. He provided comprehensive information and advice that was understandable. I felt he had my best interest at heart and wanted to see my business grow. I find “anything about Tax” to be scary, but he was able to allay my fears. There was no pressure to buy his service. I have actually put my tax return in his hands. services.
Kevin at South London office was friendly and highly professional. He provided comprehensive information and advice that was understandable. I felt he had my best interest at heart and wanted to see my business grow. I find “anything about Tax” to be scary, but he was able to allay my fears. There was no pressure to buy his service. I have actually put my tax return in his hands.
Had our first consultation today with Bilal today and cannot recommend and thank him enough. We were struggling with our capital gains tax and other tax return and he sorted it immediately He helped us to submit a return under 24 hours, despite the messy record keeping. It was refreshing to have such professional advice along with such humanity. 
Verity Accountants and Business Advisors are focused on offering award-winning services in a timely manner. They pay great attention to details and ask very important question that helps for accurate reporting and money saving. I sincerely recommend Verity Accountants to anyone seeking first calss accountancy services.
Mark, A. Director – Mayfair Trading Services ***** We have received exceptional services and support for the past years from Verity Accountants Ltd for all our bookkeeping, tax and accounting matters. They are completely committed to our needs. They treat us as individual and as a partner. They bring a breath of fresh air into our business. I would highly recommend Verity Accountants Ltd to any business looking for their type of accounting services.
Verity Accountants and Business Advisors are focused on offering award-winning services in a timely manner. They pay great attention to details and ask very important question that helps for accurate reporting and money saving. I sincerely recommend Verity Accountants to anyone seeking first calss accountancy services.
Amber receives business and accountancy services from Verity Accountants including an all-round service, such as payroll, VAT returns and End of year accounting services. The fabulous services have removed a lot of administrative burden so we are now able to focus fully on developing our business.
Understanding Corporation Tax
Corporation tax is a levy on the profits of limited companies and other organizations, such as clubs and societies. In the UK, corporation tax is currently set at 19%, and it’s important for businesses to understand their obligations when it comes to paying this tax. In this guide, we’ll cover everything you need to know about corporation tax, including how it’s calculated, when it’s due, and what you can do if you’re struggling to pay.
Capital Gains Tax Rates
It is a form of tax which is a kind of profit on limited companies and other organizations, such as clubs and societies. The UK government uses corporation tax as a way to raise revenue, and businesses are required to pay it as part of their obligations under UK tax law. The current rate of corporation tax in the UK is 19%, although this rate is subject to change in future budgets.
How is Corporation Tax Calculated?
Corporation tax is calculated on the basis of a company’s taxable profits. These profits are determined by taking the company’s gross income and then deducting any allowable expenses. Allowable expenses include things like wages, rent, and other business-related expenses. The company’s taxable profits are then multiplied by the corporation tax rate (currently 19%) to determine the amount of corporation tax that the company must pay.
When is Corporation Tax Due?
You will need to be mindful of your company’s financial year. In the UK, corporation tax is often due in 9 months plus 1 day after a company’s financial year ends.
For example, if a company’s financial year ends on 31st December, the corporation tax for that year would be due on 1st October of the following year. Companies are required to file their corporation tax return and pay any tax due by this deadline, or they may face penalties.
Are you Struggling with the Corporation Tax?
If your company is struggling to pay its corporation tax bill, there are a few options available to you. One option is to enter into a Time to Pay arrangement with HM Revenue & Customs (HMRC).
This allows you to spread your corporation tax payments over a longer period of time, making them more manageable. Another option would be getting the help of a tax professional to advise on how to reduce the corporation tax bill.
It’s also worth noting that government has some reliefs and schemes to help some specific companies, like R&D Tax relief or Patent Box, or sector-specific reliefs, which could help to reduce the corporation tax bill.
As a business owner, looking out for these reliefs and compliance laws can be very troublesome. You cannot manage important tasks and operations if you are too stuck on understanding the complex financial implications. Therefore, the best solution would be to hire our professional accountants, who can provide professional corporate tax returns services to meet all your needs.
Why Hire Us for Your Corporation Tax Returns Needs
Effortless Navigation through Corporate Taxation Systems – Corporations need the proficient tax services of professional accountants for a variety of reasons. One of the main reasons is that corporation tax can be complex and can vary depending on the specific kind of business and its activities. Our professional accountants will have the knowledge and expertise to navigate these complexities and ensure that the corporation is paying the correct amount of tax. You will never be charged more than the necessary amount with our help.
Compliance with Taxation Laws – Our professional corporate tax services help you ensure compliance with tax laws. Tax laws and regulations can change frequently. Our professional accountants stay informed of these changes and ensure that the corporation is meeting its legal obligations. If you fail to comply with tax regulations, even by mistake, you will have to suffer penalties and fines. However, with our help, you will do everything by the book and even leverage the reliefs and possible deductions.
Minimize the Tax Liability – Professional accountants also help identify tax planning opportunities to minimize the amount of corporation tax that a business needs to pay while also helping companies take advantage of reliefs and schemes offered by the government. This may include identifying deductions and credits that the business is eligible for or identifying ways to structure the business in order to minimize its tax liability.
Finally, professional accountants can also provide valuable advice on financial planning and budgeting for the corporation. This may include helping the business plan for future expenses and investments or providing advice on how to manage cash flow to ensure that the business has enough money to meet its obligations, including paying corporation tax.
Contact us
Contact us if you would like to know more about our services or to book your free telephone or video consultation.
