Corporation tax return for micro companies in Hampton Hill

Corporation Tax returns for Hampton Hill micro companies

Corporation Tax is charged on a limited company’s taxable profit, not its accounting profit. The main rate is 25%, the small profits rate is 19% for profits up to £50,000, and profits between £50,000 and £250,000 pay the main rate less marginal relief. Getting the adjustments right, such as adding back depreciation, claiming capital allowances and removing disallowable expenses, is what keeps the bill accurate.

Corporation Tax returns for small companies for Hampton Hill businesses: local facts

Hampton Hill is in the Richmond upon Thames council area, in the London region. Richmond upon Thames has around 12,305 VAT- and PAYE-registered businesses, and 11,410 of them, about 93%, have fewer than ten employees (ONS UK Business Counts, 2026). That is the group the micro-entity rules were written for.

The largest groups of micro businesses in Richmond upon Thames are professional, scientific and technical services (3,175), information and communication (1,620) and wholesale and retail (1,205). If you work in professional, scientific and technical services in Hampton Hill, fee income, work in progress at the year end and how directors are paid are the key decisions, so we plan these with you before the accounts are finalised. That puts professional, scientific and technical services at 28% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Hampton Hill (Richmond upon Thames 019) has 405 VAT- or PAYE-registered businesses, and 380 of them (94%) are micro businesses.

Richmond upon Thames ranks 260 of the 1105 areas we serve by number of micro businesses, and its micro share of 93% is above the 89% average across them. In information and communication (1,620 micro businesses in Richmond upon Thames), software subscriptions, equipment and contractor invoices are common, and contractors often ask about IR35, so we review both when preparing your return. In wholesale and retail (1,205 micro businesses in Richmond upon Thames), closing stock and the VAT treatment of different product lines are the usual pressure points, so we value stock carefully and check your VAT records.