A Corporation tax return (also known as CT600 form) must be filed with HMRC by all Limited Companies within 12 months after the financial year.

The first step is to notify HMRC that your company is subject to corporation tax. If your company must pay corporation tax, you must determine how much profit it makes each accounting period and how much tax is due.

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.

Our accountants can assist with the preparation of company accounts, company 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.

Some of the benefits of using Skymark Financial to handle your tax affairs are:

Seamless and stress free process:

By using professionals you know that your tax calculations will be correct and accurate. We will also guide you through the whole process and deal with HMRC on your behalf.

Lower risk of Investigations by HMRC:

You are less likely to be investigated by HMRC if you use an advisor, as HMRC have ways of knowing if figures submitted on a return are likely to be incorrect. This is a common trigger for a tax investigation.

More time to focus on your business:

Generally, it will take you much longer to complete your own company tax return than it would for an accountant. The time you save can be better spent on growing your business.

Claiming everything you’re entitled to claim:

We make sure that when we take on a client we work through areas where the tax owed can be reduced. There are many different business expenses that can be claimed.