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Corporation tax is charged on the profits of companies and unincorporated bodies that are not partnerships, for example members' clubs.
The term profits includes all sources of income and capital gains. A company pays Corporation Tax on the profits it makes from doing business (‘trading profits’), its investments, and selling assets for more than they cost (‘chargeable gains’ – company assets include land and property, equipment and machinery, and company shares). The rate of corporation tax is fixed by reference to financial years. The Corporation Tax rate for company profits is 19 per cent.
|Year||Financial Year Commencing 1 April 2017||Financial Year Commencing 1 April 2018||Financial Year Commencing 1 April 2019|
Company and Corporation tax deadlines:
|File accounts with Companies House||9 months after your year end|
|Pay Corporation Tax||9 months after your year end|
|File a Company Tax Return||12 months after your year end|
We can help you set up and manage your business’s finances so you achieve your strategic goals with minimum tax liability.
Company Pages ► Limited Companies ■ Tax Saving for Limited Company Owners ■ Tax Rates ■
Registered office: 61 Friar Gate, Derby, Derbyshire, DE1 1DJ T: 01332 202660
Adrian Mooy & Co is the trading name of Adrian Mooy & Co Ltd. Registered in England No. 05770414
Registered as auditors in the United Kingdom by the Association of Chartered Certified Accountants auditregister.org.uk 8011438
61 Friar Gate Derby DE1 1DJ