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Picture this: paying your corporation tax is as easy as flipping a light switch. You can’t? Well, with us, it’s not just possible, it’s the new normal. 🙌
While you juggle customers and business strategies, our accredited accountants can handle your company tax return (CT600), leaving you to focus on what matters – running your business.
In this blog, we’ll show you how simple it is to pay corporation tax using our platform. Spoiler alert 🚨 it’s a walk in the park!
Why worry about corporation tax? With TaxScouts, handling your company’s tax return is effortless. Our accredited accountants will handle it all for you. No stress, no hassle. Contact us today
Let’s cut to the chase, corporation tax (a.k.a. company tax) is what businesses pay on their annual profits. If you’ve got a limited company, filing a company tax return is a must to keep HMRC happy. 🤗
The rate at which you pay corporation tax depends on how much profit your company makes:
Prefer a heads up? Quickly calculate how much you owe in corporation tax, if you’re earning money from a limited company, with our corporate tax calculator.
And here’s a not-so-fun fact, limited companies don’t get a tax-free personal allowance like sole traders. So, yeah, that’s a thing. 😬
Before you can even think about paying any tax, you’ll need to register your company with Companies House and HMRC. This process also takes care of registering you for corporation tax so you can tick off both at once. ✅ Efficiency, right?
To get the show on the road, you’ll need at least three pieces of personal information about yourself and your shareholders or guarantors. Think along the lines of:
It’ll set you back £50 (payable by debit or credit card), but your company is usually registered within 24 hours. 🎉
You’ll also need to create a Government Gateway user ID and password for your company when you register. We recommend choosing something creative, but don’t go wild – ‘password123’ is still a terrible idea.
If computers aren’t your thing, you can also register:
The most important thing to remember? You’ll need to register for corporation tax within 3 months of starting your business!
You’ll need to fill out the IN01 form and send it to the address on the form. Postal applications take about 8 to 10 days and cost £71. Yes, that’s right, it’s cheaper to do it online! Oh, and you’ll need to pay by cheque. ✉️
And remember, we’re here to lend a helping hand with your company taxes. 🤝
Check out our service here!
Mark your calendars! Your corporation tax bill is due nine months and one day after your accounting period ends. For example:
If your financial year ended on 31 May 2024, you’d need to:
If you think you might be late, call HMRC on 0300-200-3822 and see if you can set up a payment plan.
HMRC has a whole toolbox of collection tactics, from seizing your assets to sending debt collectors, so we wouldn’t recommend ghosting them! 🥹
Pretty well, in our humble opinion. From start to finish, our process is built to be simple, efficient, and fully tailored to your needs. Here’s how it works:
Simply head over to our limited company page to begin. Here’s what you can expect from our service:
After signing up with us, we’ll guide you through a few simple questions. Based on your answers, we’ll match you with the right service for your company and pair you with a dedicated, accredited accountant.
Once you’ve been matched with an accountant, it’s time to upload your documents. Don’t worry, we make this part super simple – you can upload everything from your phone or laptop.
To file your company tax return, we will need:
You must also provide your Companies House authentication code and company UTR number. Once your accountant prepares your year-end accounts and tax return, you’ll have the chance to review everything.
After your approval, your accountant will file your return directly with Companies House and HMRC – it’s that easy! 😌
Choosing us for your company tax return is a no-brainer. Here’s why:
Seriously, it’s intuitive, jargon-free and there’s no confusion – just straight answers and easy steps. Plus, you can ask your accountant questions whenever you need, and they’ll keep you in the loop every step of the way. Oh, and when you’re happy, we’ll file everything with HMRC for you. No stress, no fuss.
Need it done fast? We’ve got your back. Your tax return can be ready in as little as 48 hours after you provide your accountant with the necessary information. We automate the boring stuff so your accountant can focus on what matters – getting your corporation tax sorted right the first time.
An affordable fixed fee for a dedicated accredited accountant to handle your corporation tax return. No hidden fees, no surprises, just quality service at a price that makes you wonder why you didn’t do this sooner. 🤔
That’s it! Paying your corporation tax with TaxScouts is straightforward, stress-free, and dare we say, kinda fun? Now let’s get that tax sorted!
If you’re uncertain about your corporation tax situation and need professional guidance, we’re here to help. We can connect you with an accredited accountant who will guide you through your tax situation and provide expert advice. Get started now.
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