Corporation tax return for micro companies in Harrow

Corporation Tax returns for Harrow 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 Harrow businesses: local facts

Harrow is in the London region. In Harrow, 14,710 of the 15,770 VAT- and PAYE-registered businesses in the 2026 ONS count have fewer than ten employees, around 93%. If you run a company in Harrow, you are in good company.

The largest groups of micro businesses in Harrow are professional, scientific and technical services (2,610), construction (2,475) and wholesale and retail (2,330). For professional, scientific and technical services companies in Harrow, 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 18% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Harrow (Harrow 004) has 355 VAT- or PAYE-registered businesses, and 330 of them (93%) are micro businesses.

Harrow ranks 162 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 construction (2,475 micro businesses in Harrow), Construction Industry Scheme deductions, retentions and stage payments can distort profit, so we reconcile your CIS statements before the accounts are prepared. In wholesale and retail (2,330 micro businesses in Harrow), 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.