Corporation Tax Accountant in Sittingbourne, Kent

Looking for a Corporation Tax Accountant? 4D Accounting & Tax provides professional Corporation Tax Return services for limited companies in Sittingbourne and across Kent. Our Corporation Tax Accountant service can help you understand Tax liability, available reliefs and HMRC deadlines.

We can identify eligible business expenses, allowances and tax reliefs to help ensure your company pays the correct amount of Corporation Tax.

We also advise on tax-efficient business planning and help you understand important filing and payment deadlines, taking the stress out of dealing with HMRC.

What is a Company Tax Return (CT600)?

A Company Tax Return is the return that must be submitted to HMRC by Ltd Companies after the end of their financial year.

A form called a CT600 is the main part of the Company Tax Return.

A Ltd Company’s financial year can run to the last day of any month of the year, usually initially dictated by the month that the company was incorporated.

The deadline for your Company Tax Return is 12 months after the end of the accounting period it covers. You’ll have to pay a penalty if you miss the deadline.

Who has to file a Company Tax Return?

Ltd Companies, regardless of their size or how much money they have made, will need to file a Corporation Tax Return (CT600) with HMRC. You’ll be sent a ‘Notice to Deliver a Company Tax Return’ by HMRC which will tell you the date by which you have to file. It’s important that you check that this date is correct and inform HMRC if you think you should be filing to a different date.

There are some Ltd Companies that may not need to file a Company Tax Return if HMRC regards them as ‘dormant for Corporation Tax’.

When to file a CT600 Company Tax Return?

You need to submit your company tax return within 12 months of the end of the accounting period it covers.

The accounting period is normally the same as your company’s financial year. This could be slightly different in your first year of trading. In fact, it’s not uncommon that your first period of accounting may cover more than 12 months.

Companies House dictates the day for the end of your company’s financial year – this is usually the last day of the month your company was set up. You can change your year end if you need or want to, but bear in mind that you can only do this once in a 5 year period – so make sure that it’s definitely worth it!

Your first accounts will run from the day your company was set up to the following year’s financial year end

Late filing Penalties for the CT600 Company Tax Return

Fines for late filing can stack up quickly. If you miss the deadline to file your company tax return, HMRC may charge you a fine as follows:

  • One day late: £100 penalty
  • Three months late: Another £100 penalty
  • Six months late: An additional penalty of 10% of your estimated corporation tax bill. HMRC makes this estimate, and you are unable to appeal against it.

12 months late: Another 10% penalty of your estimated corporation tax bill.

Why choose our limited company accountancy services?

We’ve been supporting businesses just like yours, for over 15 years

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Our personal touch

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Simple bookkeeping software

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Unlimited expert advice

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Tax efficiency reviews

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All filing is included

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Have questions?

We would love to hear more about your particular needs.

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