Coporation Tax in Ford

Get in touch

Corporation Tax Planning in Ford

At The Tax Advisors, we understand that navigating the intricacies of Corporation Tax can be challenging for businesses of all sizes.

As a team of professional and affordable tax accountants based in the UK, we are dedicated to helping you manage your tax obligations efficiently, allowing you to focus on growing your business.

Get in touch

What is Corporation Tax?

Corporation Tax is a levy on the profits of companies and other incorporated entities in the UK. It applies to UK-resident companies and non-resident companies with a permanent establishment in the UK.

The current Corporation Tax rate in the UK is 25% as of April 2023, but this may vary depending on government policies and the specific circumstances of your business.

Key Corporation Tax Deadlines

  1. Filing the Company Tax Return (CT600): This must be submitted to HMRC within 12 months of the end of your accounting period.

  2. Payment of Corporation Tax: The payment is due 9 months and 1 day after the end of your accounting period.

  3. Quarterly Instalment Payments (QIP): Larger companies may need to pay their Corporation Tax in quarterly instalments if their taxable profits exceed a certain threshold.

Missing these deadlines can result in penalties and interest charges, so it's essential to stay on top of your tax obligations.

How The Tax Advisors Can Help

At The Tax Advisors, we provide comprehensive support for all your Corporation Tax needs, including:

  • Calculation of Corporation Tax liabilities: We ensure accurate calculations of your tax obligations, considering all available allowances and reliefs.

  • Preparation and submission of the Company Tax Return (CT600): Our experts handle the entire process, from gathering the necessary financial information to filing your return with HMRC.

  • Tax Planning: We offer tailored advice to optimise your tax position and help you reduce your Corporation Tax liability.

  • Dealing with HMRC: We represent your company in any communications with HMRC, ensuring that all queries and disputes are handled professionally.

Frequently Asked Questions (FAQs) about Corporation Tax Accounting in Ford

1. What is the Corporation Tax rate in the UK?

As of April 2023, the standard Corporation Tax rate in the UK is 25%. However, small companies with profits under £50,000 may qualify for the small profits rate of 19%.

2. What expenses are deductible for Corporation Tax in TD15 2?

Deductible expenses include costs that are "wholly and exclusively" for business purposes, such as salaries, office rent, equipment, and marketing expenses. However, capital expenditures are generally not deductible, though they may qualify for capital allowances.

3. Can I carry forward Corporation Tax losses?

Yes, trading losses can be carried forward to offset against future profits, reducing your future Corporation Tax liabilities. Additionally, losses can sometimes be carried back to claim a refund for previous years.

4. What happens if I miss the Corporation Tax payment deadline?

Missing the deadline for payment of Corporation Tax can result in penalties and interest charges. It's crucial to ensure timely payment to avoid these additional costs. At The Tax Advisors, we help you manage deadlines effectively to prevent any issues.

5. How can tax planning help reduce Corporation Tax?

Effective tax planning involves strategies such as maximizing available reliefs and allowances, adjusting the timing of income and expenditures, and considering the structure of your business. Our team at The Tax Advisors can help you develop a plan that minimises your Corporation Tax liability while ensuring compliance with UK tax laws.

Why Choose The Tax Advisors?

  • Expertise: Our team comprises qualified accountants with extensive experience in UK tax law, ensuring you receive the best advice.

  • Affordability: We offer competitive rates without compromising on the quality of our services.

  • Personalised Service: We take the time to understand your business and provide tailored advice that meets your specific needs.

  • Proactive Approach: We keep abreast of the latest tax legislation, ensuring your business remains compliant and benefits from any new tax-saving opportunities.

Contact Us Today

If you need help with Corporation Tax or any other tax-related matters, The Tax Advisors are here to assist.

Contact us today to arrange a consultation and discover how we can support your business in achieving tax efficiency.

Get in touch

We cover Ford (Northumberland)

Get in touch

We aim to get back to you in 1 working day.


Skip to

Gallery

Other locations available for coporation tax
High Angerton Otterburn Camp Whalton Togston Etal Byrness Catcleugh Scrainwood Berwick-upon-Tweed Hedley on the Hill East Thirston Wall Greystead Norham West Mains Horsley Longframlington Harbottle Ashington Hazon Linton High Callerton Shotton North Seaton Mitford Fenton Eltringham Loanend Doddington Ogle Ordley Elwick Rowfoot Pigdon North End Matfen Ouston Warton Elsdon Newbrough Ilderton Nether Warden Snods Edge Little Bavington Fulbeck Lucker Beadnell Stanton Freelands Cresswell Hawkhill High Church Whygate Snitter South Beach Dye House Morpeth Tughall Beltingham Scremerston Norham Elrington Seaton Sluice Red Row Bellingham Reedsford Downham Thornton Ridley Saltwick Guyzance Woodbridge Bearsbridge Coupland Netherwitton Woodhorn Juniper Bolton Coanwood Ovingham Knocklaw Fourstones Henshaw Middleton Riding Mill Blanchland Cowpen Beauclerc Whitelee New Bewick Sinderhope Hexham Felton Holy Island Slaley South Newsham Healey East Horton Bothal Glantlees Greendykes Lowick Chatton Nelson Village Throphill Ellington Beanley Apperley Dene Halton Lea Gate Widdrington Station Embleton Cornhill on-Tweed East Ord Clifton Diptonmill Greenhaugh West Horton Bingfield Radcliffe Yarrow Titlington West Chevington Longhorsley Ford Hill Sharperton Lambley Houghton Bridge End Clennell Dunstan Ridley Stokoe Old Swarland Tranwell Detchant North Togston Broomley Hadston Limestone Brae Howick Middleton Hall High Newton-by-the-Sea Newbiggin-by-the-Sea Shawdon Hall Prestwick Chillingham Branxton Broomhill Swarland Mindrum Park Village Felkington Warden Causey Park Bridge Weldon Eals Eastfield Hall Rothbury West Sleekburn Beal Ellingham Low Prudhoe Widdrington Nedderton Heddon-on-the-Wall Scots' Gap Tow House Stocksfield Seghill West End Town Meldon Ryal Shilvington Low Hauxley Prior Park East Woodburn Belford Cheswick Buildings Colwell Stokoe New Heaton Bolam Bareless Coalcleugh Capheaton Ford Forge Chesterwood Wooler Kimmerston Whitton Tritlington Ponteland Stannersburn Dukesfield Warenford Little Swinburne Newton Holystone Wallridge Thockrington Wark Linhope East Lilburn South Broomhill Warkworth Wooperton Holywell Boulmer High Buston Mickley Square Collingwood Thrunton Ancroft Northmoor Chollerton Broomhaugh Ovington Branton Low Gate Newton Hall Bowsden Rochester Birtley Wharmley Alnham Stobswood Knarsdale Bolam West Houses Cramlington Fawdon Loansdean Bamburgh Whittonstall Westlea Butteryhaugh Bilton Chollerford New Delaval High Hauxley Ancroft Alnwick North Middleton Newtown Callaly Keenley Low Newton-by-the-Sea Bebside Acklington Alwinton Molesden West Wylam Lee Maiden's Hall East Hartford Langley Harnham Ouston Cheswick Stakeford Marshall Meadows Spartylea Bywell Nunnykirk Dalton Great Bavington Rugley Harlow Hill Broxfield Charlton Newton Underwood Ulgham Bedlington Station Bomarsund Greenhead Ford Scotland Gate Knowesgate Grindon Carrshield Shotleyfield Berwick Hill Edlingham Shilbottle Grange Longwitton Painshawfield Duddo Hampeth Yetlington New Ridley Crookham Whitley Chapel Tweedmouth Aydon Low Angerton South Charlton Berrington Park End East Learmouth Barrasford High Warden Shillmoor Kirkharle Thropton Great Whittington Southfield Great Tosson Ingoe Acomb Raylees Newham North Sunderland Stobhillgate Humshaugh West Woodburn Hepple Rock Otterburn Littlehoughton Lanehead Townhead Falstone Linbriggs Whitfield Medburn Corbridge Stannington Longhoughton Heugh North Charlton Steel Eastfield Rawgreen Darras Hall Kirknewton Catton Horsley Simonburn Seahouses Spindlestone Healey Hall Anick Kirkwhelpington Craster Black Heddon High Trewhitt Carterway Heads Choppington Haydon Bridge Howtel Guide Post Glanton Whitfield Hall The Riding Hepscott Colpitts Grange West Learmouth Hirst Belsay Oakwood Halton Shields Swinhoe Pressen Sheepwash Melkridge Eslington Park Plenmeller Eals, The Akeld East Cramlington Bardon Mill Shilbottle Pawston New Hartley Melkington Dirt Pot North Blyth Allenheads Chathill Cambois Stamfordham Beaconhill Kilham Powburn Cocklaw Fenwick Allendale Town Bedlington Blyth South Middleton Eland Green Fenwick Halton Stonehaugh Chesterhope Newbiggin Sandhoe Ingram Dilston Burradon Seaton Delaval Newtown Hawkhope Cartington Milfield West Flodden Whittingham Pegswood Birkshaw Ross Cambo Great Swinburne Wark Kielder Hepburn Dalton Ridsdale Ayle Horncliffe Gunnerton Newsham Denwick Prudhoe Healey Cote Low Alwinton Waren Mill Holburn Thorngrafton Blenkinsopp Hall Westnewton Hebron Longhirst Byerhope Eshott Redburn Hartburn Middleton Wylam West Mains Eglingham Netherton Kirkheaton Walwick Spittal Ninebanks Hipsburn Peppermoor Stobhill West Thirston Shoresdean Baybridge Glororum Uppertown Rennington Hallington High Mickley Strothers Dale Branch End Milbourne East Sleekburn Lesbury Fair Moor Haltwhistle Barrow Burn Eachwick Hindley Highfields Haugh Head Roddam Slaggyford Redesmouth Alnmouth Haggerston Newton on the Moor Lynemouth North Seaton Colliery Seaton West Fleetham Amble Wark Common Steel Mayfield