Profit making businesses and companies are obliged to pay corporation tax to HM Revenue and Customs. The tax return together with the company accounts must be submitted to the UK tax office twelve months after the company’s accounting year end. £100 late filing penalty will be levied if failed to file the return on time.
Below are the tax rates applicable to companies when computing corporate tax.
|
Taxable Profit / Year to
|
31 Mar 2011
|
31 Mar 2010
|
31 Mar 2009
|
31 Mar 2008
|
| First £300,000 |
21% |
21%
|
21%
|
20%
|
| Next £1,200,000 |
29.75% |
29.75%
|
29.75%
|
32.50%
|
| Over £1,500,000 |
28% |
28%
|
28%
|
30%
|
Concise Accountancy offer taxation services to companies require assistance in calculating their corporation tax liability and preparing their tax returns. Our taxation services extend to file the relevant forms and accounts to HMRC for you. Feel free to discuss your companies’ taxation and accounting requirements with one of our accountants and they will be more than happy to assist and offer you the best accounting package.
Our fixed fees Accounts packages provide all inclusive services to limited companies. The accounts packages include company accounts preparation, corporate tax computation and completions of tax return for you.
These accounts packages are suitable for people starting new business and small companies with annual sales less than £110,000. Our Startup Accounts package begin at just £599 per year and ideal for companies that are not yet register for VAT.
Startup Accounts Package £599 per year
