Company Accounts and Corporation Tax | LR

Irrespective of size, limited companies must file annual company tax returns (CT600) with HMRC, as well as paying any Corporation Tax owed by the deadline. Even if the company made a loss in the year and no Corporation Tax is owed, HMRC can impose financial penalties if there are errors in the CT600 return or if it is filed late.

Companies House also require a limited company to submit annual accounts nine months after its year end — it is imperative that these are correct. Once again, financial penalties are imposed for late filing or accounts.

HMRC prefer CT600s to be filed electronically through compatible software to ensure that they are received and processed immediately, and Companies House expect the same. We use HMRC-recognised software which links to many of our other services such as VAT and payroll.

Being bogged down with paperwork is not the way to run your business effectively — having knowledgeable professionals handling your accounts and dealing with HMRC on your behalf is, and we don’t hesitate to point out any processes which could streamline your business.

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When do I need to file my company accounts by?

Companies House require annual accounts to be filed no more than 9 months following the company’s year end

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