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Corporation Tax Services
Corporation Tax for UK Businesses
Our experienced tax accountants provide expert support with Corporation Tax, helping businesses stay compliant, reduce liabilities, and plan efficiently. With our personalised approach, we simplify regulations, reduce stress, and deliver favourable outcomes.
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Corporation Tax Planning and Strategy
Effective corporate tax planning is essential for businesses to ensure compliance while minimizing liabilities and maximizing tax reliefs. Our expert accountants offer tailored advice on company structuring, allowances, and profit management to ensure cost-effective compliance with HMRC. This service is available for startups, SMEs, and established companies aiming for clarity and long-term success.
Claiming Allowances, Reliefs, and Deductions
Claiming tax allowances, reliefs, and deductions is essential for effective tax planning. Our specialised accountants help you identify and utilise reliefs like capital allowances, R&D credits, and expense deductions. Our Tax Advisors ensure you reduce tax liabilities while remaining compliant with HMRC. Our services cater to startups, SMEs, and established companies, delivering efficient and cost-effective results that save you time and money.
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Whether you need help with simple tax returns or complex issues, we’ve designed our service to ensure you feel supported, informed, and in control every step of the way.
Get expert tax advice without visiting an office. Our virtual consultations can review, plan, and resolve your tax matters.
Book a consultation with a tax expert to identify any issues and receive the most effective strategy for future compliance.
Appointments can be scheduled online, by phone, or in person with a tax advisor. Contact our office to discuss your needs and next steps.
The values we live by
Honesty guides everything we do. We believe in transparent advice, accurate reporting, and doing what’s right for our clients every time.
We live and breathe tax. Our expert team delivers up-to-date, accurate advice so clients stay compliant, efficient, and ahead of the curve.
Every client matters. We take time to listen, understand your needs, and deliver personalised tax solutions with care and attention to detail.
OUR SERVICES
Our Practice Areas
We are a team of specialist tax advisors who are delivering expert guidance on tax compliance, international tax, HMRC investigations, business structuring, capital gains, inheritance tax, corporation tax and self assessment services.
We know personal taxes can be overwhelming. With us, your returns are accurate, on time, and tailored to your unique life.
We know running a business is hard enough. Let us handle your business taxes so you can focus on growth with confidence.
We know smart planning makes a difference. Our tax strategies help you stay compliant, save more, and plan for the future.
We know living abroad brings tax challenges. Whether in or out of the UK, we make your expat taxes smooth and stress-free
We know HMRC enquiries can be daunting. Count on us for expert support and peace of mind during your tax investigation.
We know unfair tax bills cause stress. If you disagree with HMRC, we’ll guide your tax appeal with precision and confidence.
We are leading network of qualified accountants, tax advisors and specialist business consultants in United Kingdom
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Your Questions - Our Answers
We are here to help you with any questions you may have
What is Corporation Tax and who needs to pay it?
Corporation Tax is a tax that UK limited companies must pay on their profits. This includes money earned from trading, investments, or the sale of assets, such as property. If you run a limited company, you’re legally required to calculate, report, and pay Corporation Tax to HMRC every year.
Unlike Income Tax, there’s no personal allowance for Corporation Tax—every pound of profit is potentially taxable. As of 2023, the main rate is 25%, but smaller companies with profits under £50,000 may qualify for a lower rate.
At Tax Accountant, we help businesses understand exactly how much Corporation Tax they owe and make sure everything is filed on time. We also look at ways to legally reduce your bill through allowances, reliefs, and smart planning. For example, many businesses overlook the opportunity to claim capital allowances on equipment, which can significantly reduce their taxable profit. Others miss out on R&D tax credits because they don’t realise their project qualifies. Our role is to ensure you remain compliant with HMRC while minimising your tax liability to the minimum necessary.
How can professional accountants help with Corporation Tax planning and strategy?
Corporation Tax planning isn’t just about paying your bill—it’s about paying it efficiently. Without a clear strategy, many businesses overpay HMRC and lose cash flow that could be reinvested in growth.
At Tax Accountant, we specialise in Corporation Tax planning and strategy. This includes structuring your company in a tax-efficient manner, deciding how to distribute profits (dividends vs. salary), and timing asset purchases or disposals to minimise tax. For example, a business that bought new machinery in March rather than April could claim capital allowances a whole year earlier, reducing that year’s tax bill. Similarly, adjusting dividend payouts can reduce the overall effective tax rate for directors.
We also consider future planning. If you expect profits to rise, we recommend deferring certain claims to offset against higher profits later. Our accountants look at the full picture, not just your Corporation Tax bill. We align your strategy with VAT, PAYE, and personal income tax, ensuring everything works together seamlessly. With our tax advisors, you’ll get a tailored Corporation Tax strategy that saves money, reduces risk, and supports long-term success.
What does filing a Corporation Tax return involve?
Filing a Corporation Tax return (CT600) can be complicated if you’re not used to HMRC forms. You need to calculate taxable profits, account for reliefs, and submit all relevant information digitally by the deadline. The process includes:
- Calculating profits after adjustments.
- Claiming allowances, like capital allowances or R&D credits.
- Reporting loans, dividends, and other income.
- Filing the CT600 return online.
The deadline is 12 months after the end of your accounting period, but the tax itself is usually due within 9 months and 1 day. Missing deadlines means interest and penalties.
At Tax Accountant, we prepare and submit CT600 returns for businesses of all sizes. We make sure every relief and deduction is claimed, so your liability is as low as possible. For example, one client thought they owed £30,000 in tax. After reviewing their expenses and applying unused losses from the previous year, we reduced the liability to £18,000, saving them £12,000. Don’t risk costly mistakes. Let us handle your Corporation Tax return with accuracy and peace of mind.
What allowances, reliefs, and deductions are available for Corporation Tax?
There are many ways to reduce your Corporation Tax bill legally through allowances, reliefs, and deductions. The challenge is knowing which apply to your business. Some key ones include:
- Capital allowances: Claim tax relief on equipment, vehicles, and machinery.
- R&D tax credits: For businesses developing new products or improving processes.
- Loss relief: Use losses to reduce current or future Corporation Tax.
- Patent box relief: Lower tax on profits from patented inventions.
For example, if your company spent £50,000 on new IT equipment, you could deduct the full amount under the Annual Investment Allowance. That reduces taxable profit immediately.
At Tax Accountant, we analyse your business to make sure every relief is claimed correctly. Many companies overpay because they’re unaware of what qualifies. We ensure nothing is left on the table. With us, claiming allowances and reliefs becomes simple—and your tax bill becomes smaller.
How do R&D tax credits work, and who can claim them?
R&D tax credits are one of the most valuable Corporation Tax reliefs. They’re designed to reward companies that invest in innovation—whether by developing new products, improving technology, or creating more efficient processes. You don’t need to be a lab-based company.
Construction firms, IT developers, manufacturers, and even food companies can qualify. If your project involves solving a scientific or technological challenge, you may be eligible. The relief works by allowing you to claim back a percentage of qualifying costs, such as staff wages, materials, and subcontractor expenses. This can reduce your Corporation Tax bill—or even provide a cash repayment.
At Tax Accountant, we help businesses identify R&D activities and prepare strong claims that HMRC will accept. For example, one client in the engineering sector reduced their Corporation Tax bill by £40,000 after we submitted an R&D claim for which they had not previously qualified. If you’re unsure whether your project qualifies, speak to our tax consultants. You may be sitting on a major tax saving.
What are capital allowances, and how can they reduce Corporation Tax?
Capital allowances enable businesses to claim tax relief on assets used for business purposes, such as equipment, vehicles, and machinery. Instead of treating these as normal expenses, HMRC allows you to deduct a portion of their value from profits.
The Annual Investment Allowance (AIA) currently lets businesses claim up to £1 million of qualifying expenditure in full each year. For example, if you buy a £20,000 van for your business, you can claim the full £20,000 against profits that year, reducing your Corporation Tax bill.
At Tax Accountant, we identify which assets qualify and ensure you maximise relief. We also advise on the timing of purchases—buying just before year-end may allow you to claim sooner. With Tax Accountant, you’ll get expert guidance on capital allowances to keep your Corporation Tax bills as low as possible.
How does loss relief work for Corporation Tax?
If your company makes a loss, it doesn’t mean that money is wasted. HMRC allows you to use those losses to reduce Corporation Tax either now or in the future. There are several types of loss relief:
- Carry back – Use current year losses to reduce the previous year’s Corporation Tax bill and claim a refund.
- Carry forward – Offset losses against future profits.
- Group relief – Share losses between group companies.
For example, if your company lost £50,000 this year but made £70,000 next year, you can carry forward the loss, meaning you’ll only be taxed on £20,000.
At Tax Accountant, we structure loss relief claims correctly and ensure they work alongside your other allowances. Many businesses fail to claim or misapply losses, resulting in thousands of dollars in costs. Let our tax consultants turn your business losses into valuable tax savings.
How are dividends and Corporation Tax connected?
Dividends are profits paid out to company shareholders after Corporation Tax is deducted. This makes dividend planning a key part of managing both personal and company tax.
Here’s how it works:
- The company earns profit.
- Corporation Tax is paid on that profit.
- The remaining profit can be distributed as dividends.
- Shareholders pay personal tax on dividends above allowances.
At Tax Accountant, we advise directors on the most tax-efficient mix of salary and dividends. For example, taking a smaller salary (to qualify for state benefits) and larger dividends often results in lower overall tax.
We also time dividend payments strategically to avoid pushing you into higher personal tax bands.
What happens if I miss the Corporation Tax deadline or make mistakes?
Missing deadlines or submitting incorrect Corporation Tax returns can lead to penalties, interest, and HMRC scrutiny. Penalties include:
- £100 fine if you’re late.
- Additional fines if the delay continues.
- Interest on unpaid Corporation Tax.
Mistakes in calculations can also trigger HMRC enquiries, which are stressful and time-consuming.
At Tax Accountant, we prevent these issues by filing accurate returns on time. If you’re already facing penalties, we can appeal to HMRC on your behalf, which may often result in reduced or removed charges. For example, a client who missed two returns was facing heavy fines. We negotiated with HMRC, corrected filings, and brought them back into compliance.
Why choose Tax Accountant for Corporation Tax services?
Corporation Tax is complex, and mistakes can be costly. At Tax Accountant, we combine expertise, experience, and practical strategies to give businesses peace of mind. We provide:
- Corporation Tax planning and strategy.
- Filing and compliance with HMRC.
- Reliefs, allowances, and R&D claims.
- Support for SMEs, startups, and large companies.
- Defence against HMRC enquiries.
Our approach is personalised—no cookie-cutter solutions. We look at your unique business, goals, and risks to create the most tax-efficient strategy. Choose Tax Accountant for reliable Corporation Tax services that save money, reduce stress, and keep your business fully compliant.