Blog Posts

Corporation Tax

Limited companies pay Corporation Tax on the profits that they make as a business. Our free online guides explain Corporation Tax in more detail, including how to prepare and submit a tax return, and what expenses you can claim for to offset against tax.

UK Tax Rates, Thresholds and Allowances for the Self-Employed

UK Tax Rates, Thresholds and Allowances for the Self-Employed

Read our guide to the current UK tax rates and thresholds affecting sole traders, limited companies, partners and partnerships, employers, and...

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Time To Pay: Can I Request an Extension if I Can’t Pay My Tax Bill?

Time To Pay: Can I Request an Extension if I Can’t Pay My Tax Bill?

HMRC launched the Time to Pay arrangement scheme to help individuals and businesses struggling to pay their tax bill on time....

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Can I Pay My Tax Bill Early?

Can I Pay My Tax Bill Early?

Yes, you can pay your tax bill well before the deadline, and in lots of cases you can make advance payments...

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What is a CT41G Form?

What is a CT41G Form?

If you’ve recently registered your new limited business with Companies House – congratulations! The next step of the process is ensuring...

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Reporting and Paying Corporation Tax

Reporting and Paying Corporation Tax

If you run a business in the UK then you might need to submit a Company Tax Return and pay Corporation...

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What is S455 Tax?

What is S455 Tax?

If you have your own limited company, you may be aware of director’s loans already, where company directors lend money to...

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Preparing and Submitting a Company Tax Return

Preparing and Submitting a Company Tax Return

Active limited companies are required to submit a Company Tax Return to HMRC by their filing deadline once a year. This...

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What is a Dormant Company?

What is a Dormant Company?

A dormant company isn’t the same thing as a closed company, and there are different definitions of ‘dormant’ depending on whether...

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Corporation Tax Relief for Creative Industries Companies

Corporation Tax Relief for Creative Industries Companies

The UK’s economy depends on innovation, which is why some businesses can claim a reduction on their tax bill if they...

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Claiming R&D Tax Relief for Businesses

Claiming R&D Tax Relief for Businesses

Limited companies involved in research and development (R&D) activities may be able to claim different types of tax relief against their...

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What Type of Tax Return Do I Need to Submit?

What Type of Tax Return Do I Need to Submit?

Your taxes and any other deductions are usually all managed for you by your employer when you work as an employee....

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Carry Back Rules: Relief for Trading Losses on Corporation Tax and Income Tax

Carry Back Rules: Relief for Trading Losses on Corporation Tax and Income Tax

Every business wants to make a healthy profit and sail off into the sunset. But in reality, the sea can be...

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