Corporation Tax Advice
Get in touchAt Professional Accountants, we provide expert Corporation Tax support to limited companies and across the UK, ensuring full HMRC compliance while identifying opportunities to reduce liabilities.
Whether you’re a startup, growing business, or established firm with complex structures, our Corporation Tax services are designed to align with your reporting obligations, improve tax efficiency, and keep you on the right side of UK tax law.
What Do Corporation Tax Services Cost?
The cost of corporation tax services ranges from £350 to over £950, depending on your company’s size, structure, and the complexity of its financial affairs.
Costs are primarily influenced by factors such as the preparation and submission of the CT600 return, profit calculations, allowable expense reviews, and any additional elements like R&D tax relief or group company reporting.
Contact Professional Accountants to get customised prices for handling Corporation Tax for your business.
What Is Included in a Corporation Tax Return Service for -Based Businesses?
We provide a full range of corporation tax return services to help businesses stay compliant and optimise their tax position, including:
CT600 preparation and filing – Completes and submits your Corporation Tax return accurately to HMRC.
Tax computation and analysis – Calculates taxable profits and adjustments from your annual financial statements.
Claiming tax reliefs and deductions – Identifies all allowable expenses, capital allowances, and available reliefs to minimise liability.
Preparation of supporting schedules – Produces detailed documentation to support all figures included in the return.
Bookkeeping and accounts reconciliation – Ensures consistency between your tax return, financial statements, and records.
Directors’ salaries and dividend review – Evaluates remuneration structures for optimal tax efficiency.
Annual Corporation Tax planning – Provides advice on reducing next year’s Corporation Tax burden through proactive planning.
HMRC correspondence and representation – Manages all communication and queries directly with HMRC.
Deadline monitoring and compliance tracking – Keeps your submissions on schedule to avoid late filing penalties.
Why Should Limited Companies Use a Professional for Corporation Tax?
Limited companies benefit significantly from using a professional for corporation tax because it reduces the risk of calculation errors, missed deadlines, or missed reliefs.
A qualified accountant ensures that all revenue streams are correctly accounted for, that allowances such as capital allowances and director expenses are properly claimed, and that your tax position is optimised. Additionally, professionals stay up to date with the latest legislation changes, which helps future-proof your compliance and tax planning strategies.
Do Corporation Tax Services Include CT600 Filing, Tax Planning, and HMRC Correspondence?
Most full-service corporation tax providers will handle all aspects of your annual return, including completing and submitting the CT600, engaging in tax planning discussions to reduce liability, and liaising with HMRC on your behalf.
This includes managing any queries that may arise after submission and helping you respond to compliance checks or payment reminders. In some cases, additional services like group relief applications or R&D tax credits may also be available.
Is Outsourcing Corporation Tax Compliance a Cost-Effective Step for Companies?
Outsourcing corporation tax compliance is a cost-effective option for many businesses, especially those without in-house finance teams. It reduces the risk of costly mistakes, frees up internal resources, and allows directors to focus on growth and operations.
For smaller businesses, the tax savings through effective planning often outweigh the cost of the service itself. For larger firms, outsourcing provides access to high-level strategic input without hiring full-time tax specialists.
Can Corporation Tax Advice Help Reduce Liability Through Allowances and Reliefs?
Corporation tax advice can significantly reduce your tax bill by making full use of available allowances and reliefs. These may include capital allowances for equipment or vehicles, R&D tax credits for qualifying innovation, and marginal relief for companies near the upper threshold.
A knowledgeable advisor can also assist with loss carry-forwards, bad debt deductions, and pension contributions, all of which can be used strategically to lower Corporation Tax obligations.
Do Accountants Offer Year-Round Support or Just Annual Filing?
Many corporation tax specialists offer ongoing support throughout the year, rather than limiting their services to annual returns. Year-round support might include quarterly tax forecasting, mid-year strategy reviews, or advice on structuring investments, dividends, or asset purchases.
This proactive approach allows businesses to manage cash flow, plan for upcoming liabilities, and take advantage of time-sensitive reliefs before the year-end.
Contact Professional Accountants for a consultation on getting corporation tax services.
What Are the Key Deadlines and Penalties for Late Corporation Tax Returns?
For companies, corporation tax must typically be paid within 9 months and 1 day after the end of your accounting period, while the CT600 return must be filed within 12 months.
Missing these deadlines can result in automatic penalties ranging from £100 to £1,000, with additional interest charged on unpaid tax. Continued non-compliance may trigger HMRC investigations.