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 Corporation Tax, how and when you must pay it, and what you need to include.