Corporation tax advice and planning
Qualified, professional tax consultants –
we’ll ensure you are tax efficient and HMRC compliant.
Managing your tax affairs can be a daunting task. With our expert team of tax specialists, we will ensure your tax affairs are compliant, devising and implementing tax-efficient frameworks and preparing company accounts.
Key areas where we are able to help include:
- Corporation tax reporting and compliance
- Share valuation and share schemes
- Acquisitions and disposals
- Management buy-outs
- Transfer pricing
- Reorganisations, reconstructions and group tax planning
- International tax planning
Corporation tax liability
Every limited company based in the UK is subject to corporation tax on any profits made. Limited companies whose central management or controls are carried out in the UK, but who operate internationally, are still liable to pay corporation tax. If your business falls within this category, you must register your company with HM Revenue & Customs (HMRC).
Filing tax returns
If your company is liable for corporation tax, you will need to calculate how much profit your organisation makes for each accounting period and how much tax is payable on those profits. This information must be reported to HMRC on a corporation tax return form, supported by financial accounts and tax computations.
There are strict penalties for filing late returns. Interest is also charged on late tax payments, so it is important that the deadlines, which are determined by your company’s annual accounting date, are adhered to.
“FKGB provided a very professional and expert service to us in making a successful claim for R&D tax credits. We were very impressed and have no hesitation in highly recommending them.
Gary has a wealth of knowledge combined with a matter of fact yet personable manner and explains even the most complex of accounting matters in an easy to understand way. I highly recommend FKGB to those who are thinking of seeking professional accounting services without the jargon or simply to provide a health check on current accounting matters.”