Worrying about tax is a distraction. The trick is to get clear on the tax rules from the start and set up a system that lets you manage your tax affairs correctly and efficiently. Then you’ll be free to focus on building your business.
As a UK resident company, you’ll be operating under the Corporation Tax Self Assessment (CTSA) regime. This makes notifying the tax authorities about your business, filing a return and paying your tax on time your responsibility.
Corporate Tax - Key Questions:
- Where do I begin with corporation tax?
- How do I file my tax return?
- When do I file my tax return?
- How will I know if HMRC is happy with my return?
- What rate is corporation tax charged at?
- How do I work out how much tax there is to pay?
- What happens if I’m not making a profit?
- When will I have to pay any tax due?
- What records do I need to support my tax return?
To download the Corporation Tax - The Essentials by KPMG Small Business Accounting, click here
