Corporation Tax
While directors of Limited Companies are subject to PAYE, Self-Assessment Tax and National Insurance Contributions, the corporate entities themselves are taxed separately through Corporation Tax on the businesses trading profits, investment income and Capital Gains.
It is not only Limited Companies that pay Corporation Tax. Other types of businesses which are liable for Corporation Tax include:
- PLCs
- Unincorporated Associations, and;
- Other associations including clubs, societies and other membership organisations.
Corporation Tax can be challenging, and HMRC continues to introduce harsher penalties for non-compliance whilst stepping up their number of detailed tax investigations. You may well find that dealing with HMRC eats up more of your precious time.
At MFW, we have the knowledge and experience to help your organisation deal with the increasingly complex Corporation Tax system. We offer a comprehensive Corporation Tax compliance service to relieve you of this administrative burden, including:
- Preparing and submitting the corporate tax return.
- Calculating the tax provision for your accounts.
- Ensuring compliance with corporation tax self assessment.
- Dealing with HMRC on your behalf.
- Advising how much tax to pay and when to make a payment.
We can also advise on reliefs, allowances and structures to help reduce the amount of Corporation Tax payable. Similarly, if you are looking at entering into large transactions, we can advise how best to deal with these from a taxation perspective.
Book a free initial consultation
Book a consultation to see how we can help you.
