Limited companies are required to submit self assessment tax returns in a similar way to the self assessment tax returns completed by individuals.
However, whilst individuals must all submit their tax returns within a specified filing date, limited companies and some other organisations prepare corporation tax returns for twelve month periods, usually coinciding with their own year end.
Corporation tax is then payable nine months from the end of the accounting period and so it is critical that a return is prepared in good time to ensure that the proper amount of tax is paid over.
We provide corporation tax services to all of our limited company clients including assisting in tax planning matters.
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Today HMRC announced that Self Assessment clients will not receive a penalty for filing 2019-20 tax return late as… twitter.com/i/web/status/1…