The moment your business starts making a profit, you need to start paying corporation tax.
All UK Limited Companies are obligated to do so. All company tax returns must be filed with HM Revenue and Customs within 12 months of your year end.
Late payments are subject to hefty fines, so why take the chance?
Let the experts at Surrey Accountancy Limited professionally prepare your company accounts and corporation tax returns on your behalf, not to mention all required tax computations.
Note: The corporation tax rate was recently reduced to 17% as of the 1st of April 2020.
To chat more about your Corporation Tax and company account, speak to us today.
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