Taking care of the preparation and filing of your company tax return. Deal with HMRC directly so you always pay the correct amount in tax. Competitively priced, no hidden extras and coupled with great customer support.

Our Services Include:

• Precise Registration: We’ll guide you through the process of registering your company with HMRC, ensuring all necessary steps are taken.
• Accurate Profit Calculations: Our expertise lies in calculating and reporting profits accurately, optimising your tax position.
• Tax Computation: We handle the submission of company tax returns and computations, ensuring timely compliance.
• Tax Planning: Receive expert advice on tax planning opportunities that can save your business money.

Your Path to Financial Success:

Our experienced accountants offer comprehensive assistance with company accounts, tax returns, and tax planning. With VBSerene Accounting by your side, you’re on the path to financial success and optimised tax efficiency.

Corporation Tax is a tax imposed on a company net income. Corporation Tax usually applies to profits generated by limited companies, members’ clubs and trade and housing associations. However, large companies must pay their corporation tax in four quarterly instalment payments under corporation tax. Therefore, these obligations are based on the company’s approximate of its present year tax liability.

All companies, whether large or small, within the law, have to keep all company records for at least six years. These documents include all receipts, invoices, workings and tax-related paperwork. For instance, this data can also be stored in electronic formats, such as scans, provided they are easy to read. To discuss your corporation tax liability, call our office for advice.

A Corporation tax return (also known as CT600 form) must be filed with HMRC by all Limited Companies within 12 months after the financial year.

The first step is to notify HMRC that your company is subject to corporation tax. If your company must pay corporation tax, you must determine how much profit it makes each accounting period and how much tax is due.

A 12-month accounting period is maximum. So even though the CT600 isn’t due for another year, it must be paid within nine months and one day of the year’s end. Late returns or payments are subject to a penalty and possible interest. If in doubt, check the Companies House website to see when your company’s fiscal year ends.

Corporation Tax, like many other taxes in the UK, is complex. A professional tax advisor can help you plan to minimise your tax liability.

Individuals, sole traders, and partnerships are not required to pay Corporation Tax but must instead file self-assessment tax returns (also known as Personal Tax Return or SA302).