Corporation Tax Return Support for Ashfield Micro Companies

A Corporation Tax Return is the formal report a limited company uses to tell HMRC about its taxable profits and the Corporation Tax it owes for an accounting period. In the UK, this is normally delivered through the CT600 form together with the supporting computations and, in many cases, a copy of the statutory accounts. Preparing it involves reviewing the company's financial records, starting from the accounting profit or loss, identifying relevant tax adjustments, arriving at taxable profit, and then completing the return for submission to HMRC. The return is a tax document, so it follows Corporation Tax rules rather than simply restating the profit shown in the accounts.

CT600 is the name of the HMRC form used to submit a Company Tax Return. It captures details such as the company's accounting period, turnover, profit or loss, tax adjustments and the resulting Corporation Tax position, along with declarations from the director or authorised signatory. The form is usually supported by a tax computation and, depending on the company's circumstances, a copy of the statutory accounts. It is filed electronically with HMRC rather than with Companies House, and the information in it must be consistent with the company's underlying records.

No. There is no separate micro-entity CT600. A micro company generally deals with Corporation Tax through the same Corporation Tax Return process as other limited companies, subject to its own circumstances and accounting period. The micro-entity framework affects how the statutory accounts are prepared, not the type of tax return that goes to HMRC. What can differ is the level of detail in the accounts, the accounting policies applied and the tax adjustments required, depending on the company's transactions and reliefs.

Preparation typically begins with reviewing the company's financial information for the accounting period, such as the profit and loss account, balance sheet and supporting schedules. From there, the accounting profit or loss is considered and relevant tax adjustments are identified, for example disallowable expenditure, capital allowances or items treated differently for tax purposes. The taxable profit is then determined and the required Corporation Tax Return, including the CT600 and supporting computation, is prepared for submission to HMRC, depending on the company's circumstances. Where the company also needs statutory accounts, those are prepared separately under the applicable framework.

Statutory accounts are the company's financial statements, prepared under the applicable accounting framework, and they are delivered to Companies House where required. A Corporation Tax Return, such as a CT600, is a tax filing submitted to HMRC. They serve different purposes and go to different bodies, even though they are often prepared from the same underlying records. Filing statutory accounts with Companies House does not complete the company's Corporation Tax obligations, and submitting a CT600 does not, by itself, discharge any Companies House filing requirement such as the confirmation statement.

Accounting profit is calculated under the accounting framework used to prepare the accounts, while taxable profit is calculated under Corporation Tax rules. Those rules can require adjustments, for example adding back certain expenses that are not allowable for tax, deducting capital allowances instead of depreciation, or treating income in a different period. The result is that the profit shown in the statutory accounts may not be the same figure that is taxed. Working through these adjustments carefully is a normal part of Corporation Tax Return preparation.

Not necessarily. The deadline for submitting the Corporation Tax Return to HMRC and the deadline for paying the Corporation Tax due are separate requirements, and they do not always fall on the same date. Payment dates can also be affected by the company's size and whether it falls into a different payment regime. Because the dates can differ, directors in Ashfield should check both obligations rather than assuming that filing the return also settles the tax. We can help you identify the relevant deadlines for your company's circumstances.

Dormant for Corporation Tax purposes is not necessarily the same as dormant for Companies House purposes, and the two are assessed under different rules. A company that is dormant for Corporation Tax may still have Companies House filing obligations, such as delivering accounts or a confirmation statement where those apply. It also should not be assumed that every dormant company must keep submitting Corporation Tax Returns indefinitely, or that dormancy removes all filing requirements. The position depends on the company's activity, its accounting period and its circumstances, so it is worth confirming before assuming nothing needs to be filed.

Yes. We support directors of micro and small limited companies in Ashfield with Corporation Tax Return for Micro Companies work, including reviewing the figures, considering adjustments, determining taxable profit and preparing the CT600 for submission to HMRC, where applicable. We also explain how the tax return fits alongside the company's other filing obligations so you know what is going to Companies House and what is going to HMRC. Our approach is to keep the process clear and the fees transparent, with no hidden costs.