A company’s profit is the difference between the total taxable income and the total deductible costs in the reporting period, which is currently the calendar year. There is a tax on the profit, currently 20%, which is called corporation tax. Through the Corporation Tax, you are obligated to declare all your costs and incomes if you own:
- a limited company (PLC)
- any foreign company with a branch or office in England
- a club, a cooperative or any unincorporated association, such as a community group or a sports club.
After you have submitted the declaration, you are obligated to pay the resulting tax. Whether you’re a large or small company, our team is always ready to offer you the support needed to declare and pay the owed taxes in an easy, useful and profitable way.
Let us take care of the numbers. Your company’s long term success is guaranteed.