Corporation Tax Return for Micro Companies in Devizes

A Corporation Tax Return is the report a limited company makes to HMRC covering its taxable profit for an accounting period. In practice this means a Company Tax Return, which is normally submitted online and includes form CT600 together with supporting information such as computations and, where relevant, the company's statutory accounts. Most companies that are within the scope of Corporation Tax need to submit one, although the exact position depends on the company's circumstances and whether HMRC has been notified that the company is dormant for Corporation Tax purposes.

The CT600 is the form HMRC uses to receive a Company Tax Return. It sets out details of the company, the accounting period covered, the profit or loss reported, the tax adjustments made, any reliefs or allowances claimed and the Corporation Tax arising. It is submitted to HMRC, not to Companies House, and is normally filed electronically so that the figures within it can be reviewed and any tax calculated. Preparing it carefully matters because the numbers need to agree with the company's underlying records and computations.

No. Micro-entity is an accounting framework that affects how statutory accounts may be prepared and presented; it is not a separate Corporation Tax regime and there is no separate micro-entity CT600. A micro company generally deals with Corporation Tax through the same Corporation Tax Return process as other companies, using the applicable form and requirements for its accounting period, subject to its own circumstances. Eligibility for the micro-entity framework itself depends on the applicable criteria being met for the period in question, and not every small company will qualify.

Preparation usually starts with reviewing the company's financial information for the accounting period and identifying the accounting profit or loss. From there, relevant tax adjustments are considered — items that are not allowable for Corporation Tax, capital allowances, and other reliefs or adjustments that may apply — so that the taxable profit can be determined. The Corporation Tax Return, including the CT600 and any supporting computations or schedules, is then prepared for submission to HMRC. The steps involved can vary depending on the company's activities, its records and its circumstances.

They serve different purposes and go to different places. Statutory accounts are prepared under the applicable accounting framework and are delivered to Companies House where required, with a copy also provided to HMRC alongside the return in many cases. A Corporation Tax Return, including the CT600, is submitted to HMRC to report taxable profit and the Corporation Tax due. Filing statutory accounts at Companies House does not satisfy the Corporation Tax filing requirement, and a CT600 does not complete a company's Companies House accounts, confirmation statement or any other separate filing obligation.

Corporation Tax rules do not simply follow the profit shown in the accounts. Some expenses recorded in the accounts may not be allowable for tax, while deductions such as capital allowances may be available on qualifying expenditure. The result is that accounting profit often needs to be adjusted to arrive at taxable profit, and those adjustments need to be reflected in the computations supporting the CT600. How much of a difference this makes depends entirely on the individual company's income and expenditure.

Not necessarily, and it is worth treating them as two separate dates. The deadline for submitting the Corporation Tax Return to HMRC is not always the same as the deadline for paying the Corporation Tax due, and for many companies payment falls due earlier than the filing date. The exact dates depend on the company's accounting period and its circumstances, so directors in Devizes should check the details HMRC holds for their company rather than assume the two deadlines coincide.

It depends. Being dormant for Corporation Tax purposes is a different concept from being dormant for Companies House purposes, and the two are assessed separately. A company that HMRC accepts as dormant for Corporation Tax may not need to keep submitting Corporation Tax Returns, but that is not automatic and depends on the company's circumstances and what HMRC has been told. Dormancy for Corporation Tax does not remove Companies House obligations such as delivering accounts or a confirmation statement where those still apply.

Yes. We work with directors of small limited companies and eligible micro companies around Devizes who want their Corporation Tax Return and CT600 prepared accurately and on a clear, fixed-fee basis. We review the information you provide, consider the adjustments that may be needed, prepare the return for submission to HMRC and explain what has been done and why. If your company's circumstances are less straightforward, we will tell you what additional information or support is likely to be needed.