Corporation Tax
Comprehensive accounting
Corporation Tax is payable by companies and permanent establishments on their profits and chargeable gains that arise during the year.
Experienced professionals
Corporation Tax is declared to HM Revenue & Customs on a self-assessment basis. The Corporation Tax return is usually submitted along with a copy of the financial statements in iXBRL format and the corporation tax computation.
If your company has made profits exceeding £250,000, the Corporation Tax rate is 25 per cent. For profits of £50,000 or less, then the rate is 19 per cent. Any profits between these amounts may qualify for a marginal relief rate, which is calculated on the actual amount of profit your company made.
Simplified accounting
Trust PC2 Accountancy to pull all the figures together for you, agree the data with you and ensure it is submitted well ahead of deadline to the authorities – one less thing.