Corporation Tax Return
Who Needs to Pay Corporation Tax?
UK registered limited companies have to pay corporation tax on their profits. Similarly, non-UK based companies must file corporation tax return and settle the tax if a substantial portion of their business is operated, owned, or managed in the UK.
Filing a Corporation Tax Return:
Every year, all active companies must file a corporation tax return with HMRC to determine the payable amount. Numerous reliefs are available to reduce your tax liability and optimise your financial strategy.
How We Assist with Corporation Tax Compliance?
Doshi Accountants offers proactive and tailored corporation tax advice to companies across the UK. Our services allow you to focus on running your business and achieving growth goals while maintaining control and the ability to make crucial decisions. We ensure efficient and effective handling of all statutory compliance issues.
What Our Corporation Tax Services Include?
- Preparation and submission of computerised tax returns and computations.
- Calculation of the tax provision for your accounts.
- Conversion of accounts into iXBRL format for online submission.
- Compliance with corporation tax self-assessment.
- Expert advice on the amount and timing of tax payments.
- Tax-efficient remuneration planning.
- Capital allowances reviews, including Annual Investment Allowance (AIA) and Enhanced Capital Allowances (ECA).
- Submission of claims for Research and Development Tax Relief, including R&D tax credits.
Corporation Tax Rates:
In the Spring Budget 2022, the UK government initially announced an increase in the Corporation Tax main rate to 25% and the introduction of a tax rate for small profits from April 2023. However, these changes have been reconsidered, and the main rate of Corporation Tax will remain at 19%.
Why Choose Doshi Accountants:
At Doshi Accountants, we stand out for our commitment to optimising your corporation tax strategy. Our services are designed to guarantee tax compliance and minimise liabilities effectively. Contact us today for personalised advice and seamless support tailored specifically to meet your business needs.