Limited companies must pay Corporation Tax on their income. Limited companies should also be registered in the PAYE system in order to pay tax and National Insurance contributions from their employees (including directors).
In contrast with income tax and VAT, in the case of corporation tax, the date of submitting the tax return and paying the tax are not the same. The payment of the tax must take place before submitting the tax return and, to be more exact:
You must pay the corporation tax no later than 9 months after the end of the accounting year
A tax return must be submitted no later than 12 months after the end of the accounting year
ABS SERVICE Ltd. will help you with:
Calculating the company's profit based on the information provided
Preparation of a Company Tax Return and submission to appropriate offices, namely the Corporation Tax Office and Companies House
Having previously experienced numerous delays in the completion of my accounts and submission to the relevant authorities by previous accountants, I have to say how much of a refreshing change it has been to have everything dealt with on time By ABS-Service Ltd.
I dreaded each quarter as it came around until I met with the team at ABS-Service Ltd. For the last couple of years all I have had to do is present my paperwork by an agreed date and everything is taken care of. We then had a further chat and I have been able to reduce my VAT bill by over 50%.
We've been dealing with ABS-Service Ltd for 3 years now and have always found their industry knowledge, expert advice and professional service provided by the 'Team' at ABS-Service Ltd a great resource for our company.