Corporation Tax is tax you must pay on your profits (before dividend payments) from business activities as a Limited Company, PLC, a foreign company with a branch in the UK or an “unincorporated association”.
Corporation Tax is levied at a rate of 20% (2015/16) for small companies and is fixed for the financial year (running 1st April to 31st March). SMEs’ usually pay corporation tax within 9 months from the end of the financial year but large companies are required to make quarterly installments.
By contacting Tax Debts, you may be able to spread the cost of an outstanding Corporation Tax liability over a period of time to suit your affordability, dependent on your current circumstances.
Get a free, no obligation consultation from one of our advisor’s today and we can determine the best solution to your situation from a variety of options, all tailored to you and your personal/business requirement.