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Corporation Tax

Corporation tax can feel like a necessary evil for many business owners! You want to ensure that your business is as tax efficient as possible, but you also recognise the need to comply with seemingly ever changing rules and regulations.

At PW John & Co Accountants in Weston-super-Mare we offer a full compliance and taxation advisory service. We will work with you to minimise your tax liabilities.

Who has to pay corporation tax?

All limited companies must pay corporation tax on their annual profits. Registering for corporation tax is one of the first things that a new business owner should do.

Self employed individuals and partnerships are not liable to pay corporation tax, but are instead assessed via self assessment. Find out more about our self assessment tax services.

Corporation tax deadlines

There are several important deadlines when it comes to corporation tax. Business owners who fail to meet these deadlines will incur penalties and possibly interest charges.

  1. You must register for corporation tax when your business starts trading, or when you restart a dormant business.
  2. You must file your company tax return by your deadline (usually 12 months after the end of your accounting period).
  3. You must pay your corporation tax by your deadline (usually 9 months and 1 day after the end of your accounting period).

Your accounting period is usually the same 12 months as the financial year covered by your annual accounts. You can check your accounting period by signing into the Government Gateway.

Our corporation tax services

Our team of experts will provide proactive forward looking accounting advice to ensure that your business is as tax efficient as possible, now and in the future.

Our corporation tax services include;

  • Preparation and submission of company tax returns along with supporting computations
  • Tax planning
  • Compliance

Get in Touch

Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.

Other Accountancy Services

We offer a comprehensive range of accountancy services for businesses and individual clients. Click the links below to find out more.

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