Corporation tax is paid by Limited Companies on their profits.

Although corporation tax is not payable by the Self Employed it does apply to a number of other business types even though they are not limited companies:-

• Members clubs, societies & associations
• Trade associations
• Housing associations
• Groups of individuals carrying on a business but not as a partnership (e.g. Co-operatives).

If you do not pay your corporation tax late, file a return incorrectly or don’t inform HMRC that you are liable for the tax you could be charged penalties and fines up to £3000.00.

How we can help

• We will act as your company’s appointed agents.
• We can advise if you are liable to pay corporation tax.
• We will liaise with HMRC on your behalf.
• We can keep the necessary records for your business to allow the correct liability to be calculated.
• We can calculate capital allowances on your behalf.
• We will calculate your liability, complete your corporation tax return and submit it to HMRC for you.
• We will defend your position in the case of a tax inspectors investigation or enquiry.

Our commitment to you

• We will inform you of the ongoing costs on a regular basis.
• We will submit your returns before the statutory filing date (as long as we are provided with the necessary information in good time).