Corporation Tax

A guide to UK Corporation Tax

Corporation Tax is is a tax on annual profits for all UK limited companies, with a standard rate for all businesses set at 19% (since April 2016).

As soon as a company starts making money, it needs to pay Corporation Tax on its profits it makes, its investments and when it sells assets for more than they cost.

It works a bit like Income Tax for companies, but as businesses don’t receive any kind of tax-free allowance, all profits are taxable. The good news is that there are a number of expenses that be claimed to reduce your bill.

What Tax Shop can do for you

We compile your limited company’s accounts and CT600 with supporting computations, which we then file to HMRC on your behalf.

We also offer advice and guidance generally at the start of our relationship with you on items such as:

  • Home office licences (to maximise legitimate expenses incurred on your home)
  • Dividends v salary
  • Spouse as director/shareholder
  • Mileage v company cars
  • Travel & subsidence
  • Mobile phones
  • Health insurance
  • Pensions

GET A CALL BACK

If you need to speak to us about a general query fill in the form below and we will call you back within the same working day.