Corporation Tax returns
Corporation Tax is charged on limited company profits at 19% up to £50,000 and 25% above £250,000, with marginal relief between. The return (CT600) is due twelve months after your year end, but the tax itself is due nine months and one day after. We prepare, claim every relief you qualify for, and file.
Most small companies overpay Corporation Tax, not through anything exotic, but because nobody claimed the capital allowances, the R&D relief or the losses properly. We look for them.
What is included
CT600 preparation and filing
Prepared from your statutory accounts and filed with HMRC in iXBRL format.
Capital allowances
Annual Investment Allowance, full expensing and structures allowances claimed on everything that qualifies.
Loss relief planning
Carried back, carried forward or group relieved, whichever leaves you better off.
Payment scheduling
We tell you what is due and when, with enough notice to put it aside.
Read more about corporation tax
Corporation Tax: your questions answered
What is the Corporation Tax rate?
The small profits rate is 19% on profits up to £50,000. The main rate is 25% on profits above £250,000. Between the two, marginal relief tapers the rate upwards.
When is Corporation Tax due?
Payment is due nine months and one day after your accounting period ends. The CT600 return is due twelve months after. So the payment comes before the return: a common and expensive surprise.
Can I reduce my Corporation Tax bill?
Legitimately, yes: pension contributions, capital allowances, R&D relief if you qualify, proper director remuneration planning and timing of expenditure. We review all of it before your year end, not after.