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limited company tax return

Limited Company Tax Return

Our professional limited company tax return service can provide you peace of mind, knowing that your tax returns will be accurate and submitted on time.

Once any company has been incorporated, several filing requirements for both Companies House and HMRC are necessary each year. One of these is a limited company tax return. The period covered by your tax return cannot be longer than 12 months, so it may be necessary to file two returns to cover your initial accounts period, depending on when the company is registered.

The purpose of the tax return is to report any profits or loss for the tax year and differs from a self-assessment return as that is only for individuals rather than companies. Although, directors of companies will need to file those as well.

The time limit to file a return is 12 months after the end of the accounting period, which is usually the tax year. If returns are filed late, then there is an initial penalty of £100 which increases if the return is still not filed. All UK companies will be sent a notice to deliver their tax return by HMRC, usually between three to seven weeks before the end of the accounting period.

Ltd company tax returns form a part of your statutory limited company accounts and are filedusing special software. This requires specific elements of the return to be electronically tagged before filing with HMRC. It’s always wise to leave this to professionals, which is where we come in. Get in touch with a member of our team here at Swan Saunders, and we can help take care of your tax returns, removing the stress, worry and hassle from your tax affairs.