How to File a UK Company Tax Return

Every registered company operating in the United Kingdom must file a UK company tax return. This must be done annually and filed with the HM Revenue and Customs (HMRC).

Filing a UK company tax return is part of your tax regulations. Many businesses choose to engage the services of a professional firm like 3E Accounting to handle their tax compliance matters. Meeting your tax obligations requires several steps and careful attention to detail. That is where 3E Accounting’s UK Tax Services come in handy.

 

What Is a Company Tax Return?

A company tax return is a statement of your financial records that your company needs to file annually. Company taxes are the sum that is levied on the profits of a company that is registered in the UK and considered a tax resident. This includes overseas company that has a permanent base in the UK.

Corporate tax rates in the UK are set at 19%. The date you must file a UK company tax return depends on your filing dateline. Your filing deadline is within 12 months after the end of your company’s accounting period.

 

Prepare to File A UK Company Tax Return

A professional firm like 3E Accounting will help you prepare your financial statements for the accounting period. Financial statements will include your profit and loss statement, balance sheet, and other financial transactions. Your statements must provide an accurate view of your business’s performance and how it is faring financially.

Financial statements must be prepared in accordance with the necessary accounting standards that are accepted by the International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP).

Once your documents are finalised, we will help your file the tax return using the HMRC’s Corporation Tax Online Service. Details of your company profits, allowances, tax reliefs, and credits claimed must be included in these statements. 3E Accounting will also help you calculate any tax liabilities your business may have incurred. Once everything has been finalised, everything will be submitted to the HMRC together with payment that is due.

You must submit your taxes in a timely manner, or there could be the rest of penalties.

 

Get in Touch with 3E Accounting

File a UK company tax return in an easy, peace of mind way by engaging our team of professionals. We’ll have you file your taxes efficiently, accurately, and punctually so there will be no risk of potential penalties. For more information about our Taxation Services, contact us today.