Corporation tax Returns

Corporation tax is the tax that UK companies pay on their taxable profits. We at SmartAWARE help in filing CT600 corporation tax returns on behalf of your Ltd. Company, Organisation, etc.

Corporation Tax is essentially an income tax for companies, but the difference is that companies don’t have a personal allowance like Individual tax payer. This means that as soon as your business starts making a profit, it needs to start paying Corporation Tax, unless it’s previously made losses. Timely submission of year-end accounts and CT returns is important to avoid punitive actions. 

For accountants, this annual exercise looms as one of the biggest and stressful tasks, because of the need to perform this alongside other tasks, that also receive priority due to the relation with the day-to-day functioning of an organization or business. Business tax matters are under increasing scrutiny, and one slip can have both the media and the taxman calls. Let our experts prepare and file your corporate tax returns, and benefit from our years of experience in this complex world.

We pride ourselves in providing a rounded compliance service including:

• Identifying any beneficial claims or elections
• Advance warning of any changes in tax law which affect your business
• Addressing other matters of compliance with tax law, such as international and domestic transfer pricing or diverted profits tax.

You never know when HMRC will come to investigate, and these can be costly even if they are concluded with no adjustment to your tax liability