A tax calculation tied to approved accounts
Move from accounting profit to taxable profit
A company's accounting profit is not automatically the figure on which Corporation Tax is calculated. We start with the reconciled statutory accounts, then review the adjustments needed to reach taxable profit. This may include allowable costs, capital expenditure and available reliefs, based on the company's records and circumstances. We prepare the CT600 and supporting computations using figures that connect back to the approved accounts. You can therefore see how the tax result was reached and where material adjustments arose.
Keep filing and payment duties distinct
The Corporation Tax payment deadline and company tax return filing deadline are separate, which can cause confusion if they are treated as one date. We explain both duties and agree when records and director responses are needed. Our process covers gathering information, resolving questions, preparing the calculation and obtaining approval before electronic submission to HMRC. We also clarify the amount due from the completed computation. Timely preparation gives you more opportunity to review the result before action is required.
Frequently asked questions
What is included with a company tax return?
The submission normally includes the CT600, tax computations and supporting company accounts in the required format. We prepare these from reconciled figures and obtain approval before filing with HMRC.
Why does taxable profit differ from accounting profit?
Tax rules treat some costs, income and capital spending differently from the accounts. We apply the relevant adjustments and explain the material items that move the result from accounting profit to taxable profit.
Are filing and Corporation Tax payment dates the same?
No. The deadline for paying Corporation Tax is separate from the deadline for filing the return. The dates depend on the accounting period and circumstances, so we confirm both for your company.