corporation tax

Each incorporated company is subject to the annual company return commonly known as Corporation Tax Return or Company Tax Return.

Usually, this is part of the service undertaken for you when we complete your financial statements, however, we are able to do this as a bespoke service - please contact us for more details.

Corporation Tax is calculated on your companies net profit before dividends and is computed on a percentage basis depending on the profits of your company. For companies with profits of less than £300k (2014/15), the rate is 20%. Of course, calculating the corporation tax also needs to take into account items which are "disallowable" for tax (such as entertaining and depreciation) and then adjusting for capital allowances.

Tax can be daunting but we're here to help!

Back one page...