Call us on  020 3239 1021 Call us now on 1234 321 3206

 

Accounts and Corporation Tax

Every company has a duty to keep accounting records and must prepare annual accounts the year. that report on the performance and activities of the company during

The Directors are responsible for preparing the Annual Report and Accounts in accordance with applicable law and regulations!

CN Accountants will take care about preparation of your company accounts and calculation of corporation tax liability.

Submission Accounts to Companies House

Most companies in the UK have to file Accounts to Companies House after 9 month since the Financial year end.

Example: You incorporate company on 01/01/2011. Financial year end will be 31/12/2011. Accounts due date is 30/09/2012.

In another word payment of tax due 20 months sincethe company incorporation!

Company House penalties for late submission

How late are the accounts delivered
Penalty – Private Company
Not more than one month
£150
More than one month but not more than three months
£375
More than three months but not more than six months
£750
More than six months
£1,500

Filing your Company Tax Return.

You must file your Company Tax Return within 12 months of the end of your company’s accounting period.

Inland Revenue penalties for late submission

How late aare Corporation tax return delivered
Penalty – Private Company
Not more than three month
£100
More than three but not more than six months
£200
More than 6 months but not more than 24 months
£200 + 10% of Corp Tax
More than six months
£1,500