Corporation Tax Return (CT600) is business Tax filed as company tax return to HMRC with detailed company accounts
It is also knows as CT in short. We can save you lot of time, worries, and money by handling your corporation tax for your company. We will do all the necessary computations, complete your CT return and advice on how you can minimise your CT liability.
We can act as your agent, dealing directly with HMRC on your behalf.
We will assure that your business tax matters are dealt with competence and in timely manner so that you do not incur and unnecessary late filling CT penalties and complying with proper legislation.
Few common CT related Q&As
When is CT due?
CT is due after company's year end, it is not the same as usual fiscal year end or normal SA returns deadline, usually 12 months after your company's year end.
When do I have to pay CT?
CT is usually payable 9 months and one day after the end of the accounting period, please note CT filing dead is 12 months after year end but payment if any should reach HMRC early.
Is CT payable by me or my company?
CT is tax on company profit and is payable by company not you personally, though you are owner of your company but legally you and your company are two different legal entities.
What is rate of CT?
CT rates can vary from fiscal year to other, please click here to get latest Corporation tax rates.
Can I prepare and submit CT through my book-keeping software?
Most online accounting softwares can provide you a rough estimate of CT liability BUT that should not be taken as set in stone mark, there are lot of complex matters involved in CT computation. At present book keeping online accounting software do not provide option to prepare final CT return and file to HMRC. We use special software to produce iXBRL format for CT and statutory account to prepare and file with HMRC.
Do I have pay tax on dividends after paying CT?
Dividends are payable from reserve left over after CT by company, there can be further personal tax liability on dividends, it depends how much other income one has and latest dividends thresholds.
How much dividends can I get?
Please use our online dividends calculator to get a rough idea on your possible dividends based on your financial data for a period.
I have more questions what do i do?
Please contact us for free initial consulting.
We are confident that we can add value to your business too like we already did and will keep doing to many of our existing customers, see reviews about Faraday Keynes by our clients.