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

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 only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

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