Corporate tAx Services
Helping Businesses Stay Tax Compliant
Corporate Tax Insight
Corporate tax Threshold:
25% tax rate: Applies to taxable income exceeding GBP 50,000.
It’s important to note that a separate, different tax rate applies to large multinational enterprises that fall under the scope of Pillar Two of the OECD’s Base Erosion and Profit Shifting (BEPS) framework.
Corporate Tax Expert Services by CBM Accounting
Corporate Tax registration
- Assessing your business for registration.
- Handling all document preparation and submission.
- Securing your Unique Tax Reference Number on time.
Corporate tax return filing
- Preparing and filing your annual return accurately.
- Ensuring all financial calculations and adjustments are correct.
- Submitting the return well before the deadline.
Corporate tax advisory & planning
- Conducting a thorough impact assessment on your business model.
- Developing strategic plans to minimise tax liabilities legally.
- Helping you understand and implement the new CT regulations.
Compliance & risk management
- Performing tax health checks to identify potential risks.
- Offering ongoing support to ensure continuous compliance.
- Providing guidance on best practices for record-keeping and HMRC inquiries.
Tax Group Formation
- Evaluating if your corporate group can benefit from consolidation.
- Guiding you through the eligibility conditions and application process.
- Simplifying compliance by allowing a single tax return.
Transfer Pricing
- Advising on compliance with transfer pricing rules.
- Preparing all required transfer pricing documentation.
- Ensuring related-party transactions meet the arm's length principle.
Get an appointment
Save Time and Effort with Our Accounting Services
Loss Relief Provisions
Carry Forward Losses:
- Carry forward losses allow UK companies to use trading losses against future taxable profits.
- Helps reduce future Corporation Tax liabilities and improve tax efficiency.
- Businesses with profits below £1 million can usually offset losses against 100% of taxable profits.
- Unused trading losses can generally be carried forward indefinitely.
Carry Back Losses:
- Carry back losses allow UK companies to set trading losses against profits from earlier accounting periods.
- Losses can be carried back up to the previous 12 months (subject to HMRC rules and exceptions).
- The relief is applied against the most recent profits first.
- Carry back relief helps businesses recover tax quickly and ease financial pressure.
Staying Compliant in the UK
Who Needs to File a Corporate Tax Return?
The obligation to file a corporate tax return applies to a wide range of entities and individuals.
This includes companies and other legal entities incorporated in the UK.
Individuals who conduct a business or business activity in the UK under a commercial license.
Foreign entities having a "Permanent Establishment" in the UK or that earn UK-sourced income.
Failing to register, file, or pay on time can lead to significant penalties.
Frequently Asked Questions (FAQs)
1. Who needs to pay Corporation Tax in the UK?
Most UK limited companies and some organisations are required to register for and pay Corporation Tax on their taxable profits.
2. What corporate tax services do you provide?
We offer Corporation Tax registration, tax planning, Corporation Tax return preparation, tax compliance, HMRC correspondence, and ongoing tax advisory services.
3. How can corporate tax planning benefit my business?
Effective tax planning helps reduce tax liabilities within UK tax laws, improve cash flow, maximise available reliefs, and support long-term business growth.
4. How can we help if any company receives a tax enquiry?
Yes. We provide professional support during HMRC enquiries, help prepare the required documentation, and communicate with HMRC on your behalf.
5. Can we help in reducing any company's Corporation Tax liability?
Yes. We identify legitimate tax-saving opportunities, available reliefs, and allowable business expenses while ensuring full compliance with UK tax legislation.
6. Can startups benefit from corporate tax advice?
Yes. Early tax planning helps startups choose the right structure, claim available tax reliefs, stay compliant, and avoid costly mistakes as they grow.