The tax on your Company’s profits has to be reported and paid on time, otherwise there can be heavy penalties. Every Company has to submit its own calculations for the tax payable. Interestingly, the Corporation Tax payment deadline is nearly three months before the final date on which the assessment has to be submitted, and HMRC do not like receiving the Crown’s taxes late! If we have prepared your end-of-year accounts then the CT assessment and online filing can be part of the service that we provide, ensuring that your CT liability is carefully calculated, taking advantage of all offsets and allowances that your business is entitled to claim.
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