A company has to estimate its own corporation tax liability and pay this by the due date, which is nine months and one day after the end of its accounting period.
A company tax return has to be filed with HM Revenue & Customs within twelve months of the company’s year end. Interest is charged on late payment of corporation tax, and there are also penalties for late filing of a company tax return.
At Merlin Tax and Accountancy we can prepare your company accounts, company tax returns and complete the necessary tax computations on your behalf.
We can also advise on strategies that may help to minimise your tax liability and increase your company’s profitability.
Please speak to us for more information.