Company Annual Tax plan

Companies in the UK have several tax and reporting obligations that they must fulfill to comply with regulations from HMRC and Companies House. These include:

1. Corporation Tax: Companies are required to pay Corporation Tax on their profits. They must also file a Corporation Tax return with HMRC, which is usually due within 12 months of the company’s financial year-end.
2. VAT: If a company’s annual turnover exceeds £85,000, it must register for VAT and charge VAT on goods and services provided. The company must also file VAT returns with HMRC.
3. Payroll Taxes: Companies must deduct income tax and National Insurance Contributions (NICs) from their employees’ wages and salaries and pay these taxes to HMRC through the Pay As You Earn (PAYE) system.
4. Company Accounts: Companies are required to file annual accounts with Companies House. These accounts must be filed within 9 months of the company’s financial year-end.
5. Company Tax Return: Companies must file a Company Tax Return with HMRC, which includes details of the company’s income and expenses, profits, and tax liability.
6. Companies House Filing: Every company must file certain information with Companies House, such as its annual accounts, changes to its registered details, and appointment of directors.

It is important to note that these are general guidelines and your specific tax and reporting obligations may vary depending on your company’s circumstances. It is always best to consult with us over the phone or email to ensure that you are in compliance with all of your obligations.