Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ionos-performance domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /homepages/20/d991140438/htdocs/clickandbuilds/EurekaAccountantsLimited/wp-includes/functions.php on line 6114
Corporation Tax - Eureka Accountants Limited

Corporation tax

For more information and to arrange a free consultation, please contact us.

What is Corporation Tax?

Corporation tax is a tax charged on the taxable profits of doing business as;

Your responsibility:

Under Corporation Tax Self-Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners and directors. Under the law business owners and directors are required to keep accounting records and prepare a company’s tax return to work out how much corporation tax to pay.

How is the corporation tax calculated?

The UK parliament sets corporation tax rates for each financial year which runs from 1st April. The current rate of corporation tax is 19%. All companies are required to prepare their annual statutory accounts and calculate their taxable profits and corporation tax charge.

After calculation of corporation tax charge and preparation of annual statutory accounts companies are required to file their accounts and tax returns with HM Revenue and Customs (HMRC) and pay their corporation tax.

How we can help?

At Eureka, we can help you with the following:

For more information and to arrange a free consultation, please contact us.

We have the best reputation in the world. We offer cost-effective accounting services

Contact us for more information about our services.

REQUEST A FREE
CONSULTATION

EUREKA– Your Specialist Small Business Accountants
DELIVERING ALL THE CORE SERVICES

CUSTOMER REVIEWS

LET'S GET IN TOUCH

For any general inquiries, please fill in the following contact form:

Cookie Consent with Real Cookie Banner