Starting a new business? Get 40% off our accountancy services for 3 months! 😀


Corporation Tax is due to be paid by limited companies and a number of other organisations. There are a number of regulations which have to be adhered to, in order to comply with HM Revenue & Customs. It isn’t a matter of only paying the correct amount of tax each year in a timely manner, but also keeping to the relevant deadlines and fulfilling HMRC requirements.

There are a number of limited companies and unincorporated organisations which are subject to the requirements of Corporation Tax. Limited companies which are either UK based or are based elsewhere in the world but trade in the UK are subject to Corporation Tax. However, if a company is based overseas, they only pay tax on UK income. Clubs which have members are also subject to Corporation Tax, including social clubs, holiday clubs and sports clubs. Friendly societies or provident societies are also charged Corporation Tax.

Charities and associations, like housing associations are charged Corporation Tax, in addition to groups of individuals in business, although not in a partnership. The taxable profits of any of these organisations or limited companies will be charged Corporation Tax on taxable profits or gains.

There are a number of organisations and businesses which aren’t subject to the requirements of Corporation Tax, including health service bodies, sole traders, traditional partnerships and limited liability partnerships. There are more exclusions from Corporation Tax, although they may have to pay other tax. Corporation Tax is a complex subject, and as such it is advisable to seek professional guidance.

Inline Feedbacks
View all comments

Read more posts...

June 2022 Client of the Month: Manea Kella

This month we spoke to Adrian Manea, architect and director at Manea Kella, a London based RIBA Chartered architecture and interior design…

Read More

Succession Planning for Business Owners: What Comes Next?

When you own a business, it’s extremely normal to feel like you’re surviving one day to the next – ‘winging it’, as…

Read More

The Accountancy Partnership – Our Positive Reviews

Here at The Accountancy Partnership, we’re proud of our customer reviews The reviews we receive from our customers show how hard we…

Read More
Back to Blog...

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.


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

Would you prefer to complete your own bookkeeping?


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