How do I file a tax return?
You’ll need the following things to file your tax return:
- Details of your company’s taxable profit and annual accounts.
- Your Companies House login details (You’ll have received these when you registered your limited company with Companies House).
- Your unique user ID for HMRC’s online services. (You’ll have received these when you registered your business with HMRC).
From your business’ inception you must accurately record all your income and outgoings as this is what you will need to give Companies House and HMRC when you file your annual tax return. This can be tricky but it is an essential step because this is what will be used to determine the amount of Corporate Tax you owe. Whether you track these yourself or use an accountant, there are a number of handy accounting tools available to simplify the process.
It is important to note that there are different deadlines for filing and paying the tax. However, many business owners tend to complete step 1 and step 3 at the same time.
|Steps for Corporation Tax success
|Example scenario for a company that has a year-end of 31 January 2021
|1. File annual accounts with Companies House
|Nine months after your company's financial year end
|31 October 2022
|2. Pay your Corporation Tax
|Nine months and a day after your company's financial year ends.
|1 November 2022
|3. File your Company Tax return (also known as a CT600 form)
|Must be submitted within 12 months after the accounting period end.
|31 January 2022 (Amendments can be made up to 31 January 2023)