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What is Corporation Tax, and do I need to pay?

Limited companies pay Corporation Tax on the profits that they make from doing business, selling assets for more than they cost, or through investments.

When will I receive a bill for Corporation Tax?

You’ll need to keep accounting records (known as bookkeeping) and submit a Company Tax Return so that you can pay Corporation Tax properly. Keeping detailed records will also help you make sure you claim for any allowable expenses which will reduce the amount of tax that you must pay.

Watch our video guide to learn more about how and when to pay Corporation Tax, and learn more about our online accounting services for limited companies.

Corporation Tax for Limited Companies Guide

Working out how much Corporation Tax your company needs to pay can be tricky. To help, we’ve put together this guide!

Download our quick guide, or learn more about our online accounting services for limited companies.

Download

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You will receive our bookkeeping software Pandle for free, as part of your package.

You can use this to complete your own bookkeeping, or we can provide a quote to complete your bookkeeping for you.

Please select and option below:

I will do my own bookkeeping
I want you to do my bookkeeping

Call us on 020 3355 4047 if you’re not sure.