Corporation Tax

Once your Company is incorporated HMRC will issue a CT41G notice which will contain your company UTR (unique tax reference number) This UTR number is required to complete your tax registration online. This will usually be issued within 14 days and will be delivered to your Registered Office Address.

It is important that you keep your UTR number safe, as you will need it to register for any other taxes (such as PAYE or VAT). It will also be required for submitting and paying any Corporation Tax due.

Corporation Tax is a tax paid on profits of a company for a specific period. In the UK the rate of corporation tax is currently 19%.

A company must submit a CT600 (Company Tax Return Form) to HMRC within 12 months of the period end to which it relates to.  You will need to pay any outstanding Corporation Tax Liability within 9 months and 1 day of the end of the period to which it relates.