Accounts & Taxation
A company pays corporation tax on its 'taxable profits' and not the company’s accounting profits. This payment is normally due nine months and one day after the end of the company’s financial year, but there are special rulings for companies with long periods of accounts, that is an accounting period exceeding 12 months.
A normal accounting period is a period of 12 months, but where the accounting period is greater than 12 months, then the company will have two corporation tax payment due dates.
Turnbull Associates
Iveco House
Station Road
Watford
Hertfordshire
WD17 1TA
enquiries@turnbull-associates.co.uk
Tel: 01923 224411
Fax: 01923 235303