Companies must usually pay Corporation Tax on taxable profits and file Company Tax Returns. HMRC may ask questions about accounts, tax calculations, deductions, expenses, group issues or other matters affecting the return.
Pioneering Solutions Ltd helps businesses understand published GOV.UK guidance on Corporation Tax and the practical records needed to support a Company Tax Return.
Key Points
• Identify the company’s accounting period.
• Keep accounts and supporting schedules.
• Check filing and payment deadlines.
• Retain evidence for deductions, expenses and adjustments.
• Respond to HMRC questions by reference to the records.
Recommended Sections
• What Corporation Tax is
• Company Tax Returns
• Accounting periods and payment deadlines
• Records supporting the return
• HMRC questions and compliance checks
Internal Links
• Business Tax Guidance
• HMRC Compliance Checks
• Review, Appeal and ADR
• Working With HMRC
Official Sources
Corporation Tax
https://www.gov.uk/corporation-tax
Company Tax Returns
https://www.gov.uk/company-tax-returns
Pay Corporation Tax
https://www.gov.uk/pay-corporation-tax