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Corporation Tax
Corporation Tax Essentials
What is Corporation Tax?
Corporation tax in the UK is a tax that limited companies need to pay on their profits. Put simply, corporation tax is an income tax for limited companies. Corporation tax is paid on the profit of the business at 19%.
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2
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3
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What income does a limited company pay corporation tax on?
A company pays corporation tax on the profits of the business.
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We offer a one stop shop for your accountancy services
2
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3
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What is the corporation tax rate?
The corporation tax rate for company profits is 19%.
Three reasons you need to contact BKS Accounts
1
We offer a one stop shop for your accountancy services
2
Competitive rates across all services
3
Services are tailor made to fit your business requirements
For more information or for a quote
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When is corporation tax due?
This is dependent on your accounting period:-
- Year end 31.10.21 - file return by 31.07.22 – payment date 01.08.22
- Year end 30.11.21 - file return by 31.08.22 - payment date 01.09.22
- Year end 31.12.21 - file return by 31.09.22 - payment date 01.10.22
- Year end 31.01.22 file return by 31.10.22 - payment date 01.11.22
- Year end 28.02.22 file return by 31.11.22 - payment date 01.12.22
- Year end 31.03.22 file return by 31.12.22 - payment date 01.01.23
- Year end 30.04.22 file return by 31.01.23 - payment date 01.02.23
- Year end 31.05.22 file return by 28.02.23 - payment date 01.03.23
- Year end 30.06.22 file return by 31.03.23 - payment date 01.04.23
- Year end 31.07.22 file return by 31.04.23 - payment date 01.05.23
- Year end 31.08.22 file return by 31.06.23 - payment date 01.07.23
- Year end 30.09.22 file return by 31.08.22- payment date 01.09.23
Three reasons you need to contact BKS Accounts
1
We offer a one stop shop for your accountancy services
2
Competitive rates across all services
3
Services are tailor made to fit your business requirements
For more information or for a quote
Contact Us
So how do we work out your Corporation Tax liability?
We take the turnover figure (all sales income) and deduct your expenses. The figure left is your profit and this is taxed at 19%.
Three reasons you need to contact BKS Accounts
1
We offer a one stop shop for your accountancy services
2
Competitive rates across all services
3
Services are tailor made to fit your business requirements
For more information or for a quote
Contact Us
Need help ? Call Us
07894 509849
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