A Guide to Corporation Tax Returns Preparation

Corporation Tax Returns must be filed by all companies and organizations that are liable for corporation tax. This includes most limited companies, as well as some partnerships and other business structures. The deadline for filing Corporation Tax Returns is usually 12 months after the end of the accounting period, although there are some exceptions.

VAT Returns UK must be filed by all businesses and organizations that are registered for VAT in the UK. The deadline for filing VAT Returns UK is usually 21 days after the end of the accounting period, although there are some exceptions.

This guide provides an overview of the Corporation Tax Returns process, including how to file a return, what information is required, and what to do if you miss the deadline.

Who needs to file a corporation tax return?

Most businesses in the UK will need to file a corporation tax return. The only businesses that don’t need to are very small businesses with very low profits or businesses that are exempt because they’re based in a special economic zone or are non-profit making.

If you’re not sure whether you need to file a return, you can check with HMRC.

If you do need to file a return, you’ll need to do it every year. The deadline for filing your return is 12 months after the end of your accounting period. For example, if your accounting year runs from 1 January to 31 December, you need to file your return by 31 December.

The UK Corporation Tax system is designed to tax profits made by companies and other organizations. If your organization is based in the UK or has UK operations, you will need to file a corporation tax return. VAT-registered businesses with a taxable turnover above the current VAT registration threshold (£85,000 for the tax year 2019 to 2020) must file quarterly VAT returns UK. Self-employed individuals and partnerships with an annual income of more than £10,000 must also file an annual tax return.

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