Contents

Contents

Financial accountancy

Personal taxation

Corporation Tax

Limited Companies

This applies to companies in the United Kingdom. The below is just a basic information.

Limited companies have to complete Forms CT 600 and send them to the tax office with the accounts and tax computations. There are deadlines for the filing and payment of tax. There are penalties for late filing with the tax office and interest is charged on tax paid late..

As part of our accountancy services, this service automatically provided.

Below we give the rates of corporation tax in the United Kingdom

Corporation tax rates

Finance year starting	1.4.01		1.4.2000
Taxable profit
First	10,000	10%	10,000	10%
Next	40,000	22.5%	40000	22.5%
Next	250,000	20%	250,000	20%
Next	1,200,000	32.5%	1,200,000	32.5%
OVER	1,500,000	30%	1,500,000	30%

Note: If you have associated companies or subsidiaries, then the above does not apply.

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