Corporation Tax

Every limited company which is based in UK is liable to corporation tax on their profits. Limited companies that are non-UK based that can still be expected to pay corporation tax if they central control and management of the company is excercised in UK

The first thing you must do is register your company with HM Revenue & Customs (Her Majesty's Revenue and Customs), using their official forms, letting them know that you are liable for corporation tax.

If your company is liable for corporation tax, you must calculate how

much profit your company makes for each accounting period and how

much corporation tax is payable on those profits . This information

must be reported to HM Revenue & Customs on a corporation tax

return form and accounts and tax computations must be submitted

to HM Revenue & Customs in support of the return. There are strict

penalties for filing late returns and interest is charged on tax paid late,

so it is important that the deadlines, which are determined by your

company's annual accounting date, are adhered to.


At South West Accountancy we can help you with the preparation of company accounts, company corporation tax returns and tax computations and will also be able to provide advice on any tax planning areas that may benefit you and your company.

corporation tax

We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:


  • Determining the most tax effective structure for your business
  • Taking full advantage of tax opportunities and reliefs
  • Achieving the optimum capital or revenue tax treatment
  • Reducing tax on disposals and maximising relief on acquisitions
  • Making the most of tax opportunities specific to your industry
  • Meeting the rigorous demands of compliance including corporation tax self-assessment
  • Acting on your behalf in discussions with the tax authorities

Efficient corporate tax planning can result in potentially significant improvements in your bottom line