Corporation tax is paid by all incorporated companies regardless if the company makes £1 or a £1M and needs to be filed to HMRC via a corporation tax return. This is completed via using a company tax software as this procedure can no longer be completed via the HM Revenue and Customs portal.
The corporation tax return has to be filed 12 months after the company’s year-end and corporation tax owed has to be paid nine months and one day after the company’s year-end.
With corporation tax dropped to 19% as of April 2017 and further still by 2020 there is no better time to speak to KP Simpson to see if the company route is the most tax efficient route for you.
I’ve been using KP Simpson for my annual account for a couple of years now and can’t thank them enough for the services they have given me. Brilliant advice from the start put into a language that anyone can understand. They are also very reasonably priced bearing in mind the exceptional service that is offered.
I have personally recommended their services to a number of my own personal clients and they have had nothing but praise for Andy and his team also. Top notch local service, nice work chap and chapettes.