When you register your company at Companies House you must also inform HMRC that your company is trading and that it is liable for corporation tax. This is a fairly straightforward process and can be done through your HMRC Gateway account. Alternatively, Suretax can deal with all of this for you and ensure your company is set up and compliant with HMRC requirements.
As a limited company you are required to pay corporation tax on the profits of the business. Arriving at your taxable profit calculation can be quite a complex process, but Suretax have experienced professionals who are well equipped to ensure your calculations are correct.
Once your company profits have been calculated you are required to file your accounts and part of the process involves the completion of a corporation tax return. There are very strict deadlines on the filing of your company accounts and payment of corporation tax.
Failure to file on time will result in an instant fine, and failure to pay the tax due will also incur interest. If your filing and payments are persistently late your penalties increase and it can very quickly run into thousands of pounds, so it is important your limited company accounts and corporation tax filings are dealt with in a timely manner, and meet HMRC strict guidelines.
Suretax will ensure your company HMRC requirements are met and that unnecessary penalties and interest are avoided.
Call Suretax and we can talk you through the process, ensure your corporation tax affairs are all dealt with in compliance with HMRC requirements, all at a very competitive rates.