Corporation Tax

The normal deadline for filing private limited company accounts is 9 months after the company’s financial year end, known as the accounting reference date. For example, many companies have a year-end date of 31 March and are therefore required

Read more

Under the current rules non-resident companies with a trading business in the UK are liable to pay UK Corporation Tax on their profits made through a permanent establishment/branch or agency. This includes trading income and any income from property

Read more

HMRC defines a director’s loan as money taken from your company (by you or other close family members) that isn’t:

a salary, dividend or expense repayment and
money you’ve previously paid into or loaned the company
An overdrawn director’s loan

Read more

Companies often have to contend with having two different company accounting periods. This is because there are different rules for Companies House filings and submissions to HMRC, for Corporation Tax purposes.
The accounting periods can be the

Read more

There are a number of scenarios where HMRC would consider a company or organisation to be inactive for Corporation Tax (CT) purposes. This is a different categorisation to a ‘dormant’ company and usually happens when a company has not commenced

Read more
wave

I am a...