It's essential that every UK limited company makes annual returns for corporation tax purposes. Overseas companies will also need to make corporation tax returns if a proportion of core business is conducted within the UK.
It's usually the case that HMRC notify any business or association when a corporation tax return is due. And, even loss-making companies need to file a return, irrespective of the fact that no tax is due.
Deadlines for corporation tax returns are 12 months after the end of the relevant accounting period and returns will need to show profit or loss relative to corporation tax. This profit or loss is not the same as the sums shown in annual accounts. Your will also need to work out the amount of corporation tax due. For the 2018/19 tax year the main rate of corporation tax is 19%.
Our Professional Corporation Tax Services in Leeds
HCA Accountants possess in depth knowledge of UK taxation requirements, so corporation tax computations and returns can form an essential aspect of the annual accounting we carry out for clients.