Minimise your admin burden with Corporation Tax services in the UK
Struggling to make sense of the ins and outs of Corporation Tax? Don’t worry! We’ll help you submit your returns on time, avoid late penalties, and examine your company finances to ensure you save as much as possible.
Take full advantage of our Corporation Tax services today.
WE ARE THE EXPERTS
Company tax accountants at your disposal
Every limited company in the UK needs to be registered with HMRC and pay Corporation Tax on its profits during the financial year. Currently, all limited companies must pay a 19% Corporation Tax to HMRC.
If you’re a society, club or association, you may still need to pay Corporation Tax even if you aren’t incorporated. If your company is based in the UK, you must also pay Corporation Tax on any profits you earn in other countries.
Calculating how much you owe can be cumbersome, especially if you aren’t aware of any tax breaks that might apply to your company. That’s why we recommend letting our company tax accountants handle the paperwork for you.
REASON TO HIRE US
Why use our Corporation Tax services
- Enjoy peace of mind as our skilled staff works to establish the most tax-effective structure for your business.
- Avoid over-complicating your expenses. We’ll do a detailed expenditure review to claim the optimal capital allowances.
- Get us to calculate your tax liability and help you benefit from reliefs and deferment opportunities.
- A dedicated client manager is always on hand to provide friendly and professional support whenever you need it.
- Our team is highly adaptable, allowing us to work either from your office or from our own location.
LET’S MAKE YOUR LIFE EASY
The Corporation Tax services we offer include
- Preparing company tax returns (CT600) and corporate tax returns for directors (S455) and filing them online with HMRC
- Meeting the rigorous demands of compliance, including Corporation Tax Self Assessment
- Reducing tax on disposals and maximising relief on acquisitions
- Acting on your behalf in any discussions with the tax authorities
- Achieving the optimum capital or revenue tax treatment
CONTACT US ANYTIME
Increase your tax savings with our timely Corporation Tax services
FREQUENTLY ASKED QUESTIONS
Got a question about our Corporation Tax services?
What is Corporation Tax in the UK?
Corporation Tax is a tax imposed on the profits of companies and other corporate entities in the United Kingdom. Basically, any company or corporate entity operating in the UK, including foreign companies with a UK branch or office, is subject to this tax. Taxable profits under Corporation Tax include money earned from business activities (trading profits), investments, and selling assets for more than their cost (chargeable gains).
Do all businesses have to pay corporate tax?
Yes, all UK businesses are required to pay corporate tax on their profits. There are specific rules around preparing and submitting corporate tax returns and various kinds of relief businesses might be eligible for. These rules can be complex, and understanding your exact tax obligations is crucial to ensure compliance and optimise your tax position. Speaking to Lyel Accountants can offer insight into how it may affect your business.
How do I register for Corporation Tax?
Register your company with HMRC for Corporation Tax within three months of starting business activities. This can be done online through the HMRC website, where you’ll provide details about your company and its business activities.
How do I file Corporation Tax?
Determine your taxable profits, including all income and capital gains. Use form CT600, which you can submit online via HMRC’s website. This form requires detailed financial information about your company.
Before filing, calculate how much tax you owe based on your profits. The payment deadline is usually nine months and one day after the end of your accounting period.
File your CT600 form online, along with your company’s accounts and tax computations, within 12 months after the end of the accounting period it covers.
SECTORS WE SERVE
Bespoke Corporation Tax services for
- CONSTRUCTION INDUSTRY SCHEME [CIS]
We help construction businesses with deductions, reliefs, and tax-efficient structuring within CIS regulations. We aim to help our CIS clients focus on accurate tax computation – hassle-free!
- HEALTHCARE
You wouldn’t put your health in the hands of anyone but an expert. Why not let us prepare your CT600 returns and track your expenses to claim proper capital allowances for your healthcare business?
- HOSPITALITY
In the hospitality industry, Corporation Tax management is crucial. We assist in optimising tax positions, including handling allowances and reliefs specific to hospitality, to improve your bottom line.
TESTIMONIES OF EXCELLENCE
Appreciation our clients
have showered on us
"LYEL Accountants really helped me when other wouldn’t. Professional, efficient and cost effective."
Muhammad Abbas
Owner
"Professional, very helpful and excellent team to work with. I am very pleased with their work and highly recommend them!"
Reza Ghaffari
Owner
"I have obtained great advice from this accountancy firm, they are very professional and provided a fantastic service. I would highly recommend to everyone. Thank you for your assistance."
Satty Ali
Owner
"Brilliant service! My accountant, Ishfaq, is always there to help me with everything I need and more. He advises me not only about my finances but also helps me in understanding some business queries. Highly recommended!"
Adriana Clark
Owner
"This is a best place for your basic accounting needs. On top of that they are offering tailored services to boost your business at a very competitive price. The staff is very welcoming and deals in a friendly manner. You will be amazed at the speed of service you are likely to receive which is an added benefit. Definitely recommended!"
Rehan Javed
Owner
"Mr.Shah and his staff are very professional and great to work with. They always have your best interest in mind! I have been doing my taxes with Shah since 2015 and aside from helping me get the most out of my returns, He has been a great financial adviser in the building up of my business. Highly recommend!"
Waqas Ansaar
Owner
