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Corporation tax is paid on profit made by a corporation in the last 12 months. Any registered limited company is obliged to file for a corporation tax return, which is known as CT600. We at Businesswise Accountants ensure your company stays compliant, claims every relief available, and never misses a filing deadline.
A company is normally considered active for corporation tax purposes when it is carrying on business activity, trading or receiving income. If your company is dormant, you must still inform HMRC. We help you determine your status and notify HMRC correctly so you avoid unnecessary returns or penalties.
HMRC treats your company as active for corporation tax when it is involved in any of the following:
You must tell HMRC within three months of starting any business activity. This includes buying, selling, advertising, employing someone, or earning any income. Registering on time keeps your company compliant and avoids automatic penalties from HMRC.
R&D tax relief can significantly reduce your corporation tax bill when your business invests in qualifying innovation. We identify eligible projects and prepare robust claims so you receive every pound you are entitled to.
Larger qualifying projects may attract enhanced relief. Our specialists identify exactly what you can claim and make sure your submission is accurate and stands up to HMRC scrutiny.
Missing your corporation tax deadline triggers automatic penalties that escalate the longer you delay:
Capital allowances let you deduct the cost of qualifying assets — equipment, machinery, vehicles and more — from your taxable profit. Our team reviews your expenditure to ensure you claim every allowance you are entitled to and reduce your overall tax liability.
Whether you’re looking to optimize your tax strategy, streamline your bookkeeping, or navigate complex financial regulations, our team of experienced professionals is here to guide you every step of the way. Book your free consultation today and take the first step toward financial clarity and success!
BusinessWise Accountants provides accounting, tax, bookkeeping, payroll and company compliance services for UK businesses, sole traders, landlords and company directors.
