Corporation Tax Services UK
Expert Tax Planning & Compliance
Stay Compliant & Reduce Tax Liabilities with Corporation Tax Planning
Managing corporation tax UK obligations can be complex, especially with changing regulations and deadlines. Whether you’re a small business or a large corporation, staying compliant while maximising tax reliefs requires careful planning.
Filing your company tax return UK, claiming corporate tax relief UK, and ensuring corporation tax compliance are all critical to avoiding penalties and keeping your business finances in order.
At My Tax Consultants, we provide corporation tax advisory services to help businesses prepare, file, and plan their tax obligations efficiently.
What is Corporation Tax & Who Pays It?
Who Needs to Pay Corporation Tax?
- Limited companies registered in the UK
- Foreign companies with UK branches
- Clubs, associations, and co-operatives that generate taxable income
What Does Corporation Tax Apply To?
- Trading income from business activities
- Investment income from dividends and rental properties
- Chargeable gains when selling assets for more than their cost
UK Company Tax Rates & Key Filing Deadlines
What Are the Tax UK Corporation Tax Rates?
The corporation tax rate UK depends on company profits:
- 25% Main Rate – For businesses earning over £250,000 in taxable profits.
- 19% Small Profits Rate – For businesses earning below £50,000.
- Marginal Relief – A sliding scale applies for businesses making between £50,000 and £250,000.
Companies in specific industries, such as oil and gas, banking, and real estate, may be subject to sector-specific tax regimes.
Corporation Tax Filing Deadlines
- Tax payment deadline: 9 months and 1 day after the end of your accounting period
- Tax return submission: 12 months after your accounting period ends
Late submissions can result in penalties and interest charges. Working with corporate tax accountants UK can help you meet deadlines while optimising tax efficiency.
Our Shares & Asset & Valuation Services
1. Register for Corporation Tax
2. Work Out Your Taxable Profits
- Deduct business expenses before calculating profits
- Claim allowances like capital allowances and R&D tax credits
- Identify tax reliefs that apply to your business
3. Prepare & Submit Your Company Tax Return
Your company tax return UK (CT600) must include:
- Company accounts
- Profit & loss calculations
- Deductions and reliefs claimed
4. Pay Corporation Tax on Time
Businesses must pay tax before filing their tax return. Larger companies may need to make quarterly tax payments.
Late payments lead to interest charges and compliance risks. Corporation tax advisory services can help manage payments efficiently.
Corporate Tax Relief UK
Reducing Your Tax Burden
Businesses can take advantage of various corporate tax reliefs UK to reduce tax liability. Common reliefs include
Research & Development (R&D) Tax Credits
Encourages innovation by allowing businesses to claim tax relief on qualifying R&D expenses.
Capital Allowances
Loss Relief
Patent Box Tax Relief
Seeking professional corporation tax planning helps businesses claim available reliefs and avoid unnecessary tax payments.
Small Business Corporation Tax UK: What You Need to Know
Small businesses face additional challenges with corporation tax filing UK due to limited resources and complex tax laws. Key considerations include:
- Choosing the right tax-efficient structure
- Claiming Small Business Tax Reliefs
- Filing tax returns accurately to avoid fines
Why Work With a Corporation Tax Consultant?
- Accurate tax calculations to avoid errors
- Expert tax planning to reduce tax bills
- Timely filing to prevent penalties
Working with corporation tax specialists ensures your business remains compliant, tax-efficient, and financially secure.
