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Blog: Corporation Tax

Corporation Tax Changes

It was announced at Budget 2021 that from 1 April 2023 different rates of corporation tax would apply depending on the level of taxable profits of a company and the number of ‘associated’ companies. This regime is now fully in force and broadly mirrors the corporation tax rules that applied prior to 1 April 2015.

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Company tax returns must include COVID-19 grants says HMRC

Taxpayers are being reminded that COVID-19 support grants or payments should be declared on company tax returns as they are taxable. HM Revenue & Customs (HMRC) has issued a reminder that the filing deadline for company tax returns (CT600) is 12 months after the end of the accounting period it covers. The deadline to pay

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Give yourself Time to Pay

Give yourself Time to Pay Taxpayers who are unable to pay their Self-Assessment (SA) bill can use the option of paying by instalments with a Time to Pay arrangement with HM Revenue & Customs (HMRC). If you cannot pay a Self-Assessment tax bill you can make your own Time to Pay arrangement using your Government Gateway account,

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Updated Requirements For Submitting Corporation Tax CT600 Return

With the winding up of the Coronavirus Job Retention Scheme (CJRS) or furlough, at the end of September, it is vitally important that all employers are up to date with their Corporation Tax Form CT600, particularly over grants received from the scheme. HM Revenue & Customs (HMRC)  is looking to close any loopholes and ‘claw

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