Global Company Formation Uk

Global Company Formation UK

Global Company Formation uk, Business Consultancy in UK

Start your dream company with us. Global Company formation Uk provides the best company formation packages in Uk. we are based in london and provides 24 hours customer support.

The services offered in a professional environment and a dedicated team will look after your business from day one.

 Business Consultancy in Uk

                Corporation Tax

You must pay Corporation Tax on profits from doing business as:

• a limited company
• any foreign company with a UK branch or office
• a club, co-operative or other unincorporated association, eg a community group or sports club

You don’t get a bill for Corporation Tax. There are specific things you must do to work out, pay and report your tax.

• Register for Corporation Tax when you start doing business or restart a dormant business.
• Keep accounting records and prepare a Company Tax Return to work out how much Corporation Tax to pay.
• Pay Corporation Tax or report if you have nothing to pay by your deadline - this is usually 9 months and 1 day after the end of your ‘accounting period’.
• File your Company Tax Return by your deadline - this is usually 12 months after the end of your accounting period.

Your accounting period is normally the same 12 months as the financial year covered by your annual accounts.

Profits you pay on Corporation Tax

Taxable profits for Corporation Tax include the money your company or association makes from:

• doing business (‘trading profits’)
• investments
• selling assets for more than they cost (‘chargeable gains’)

If your company is based in the UK, it pays Corporation Tax on all its profits from the UK and abroad.

If your company isn’t based in the UK but has an office or branch here, it only pays Corporation Tax on profits from its UK activities.