What is Corporation Tax return?
A corporation tax return is a report detailing a company’s income, expenses, and the tax it owes.
Do I need to register my company for tax?
You must register your company for Corporation Tax within three months of starting business activities, such as buying or selling goods, providing services, or hiring employees.
Who needs to file Corporation Tax Return?
Every company must file a Corporation Tax return when notified by HMRC. However, sole traders, self-employed individuals, and partnerships are not required to submit one.
Do I need an accountant for my company?
You are not legally required to hire an accountant for your company’s tax return. However, a qualified accountant can ensure it is completed accurately and filed smoothly, helping you avoid costly mistakes.