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117 Island Business Centre 18-36 Wellington Street Woolwich London, U.K

support@charterbrooklimited.com

Corporation Tax

Corporation tax is paid by businesses in the UK, and is calculated on their annual profits, in a similar way to income tax for individuals.

Corporation tax rates are set for each Financial Year. A Financial Year runs from 1 April to the following 31 March.

If the accounting period of a company straddles the 31 March, the profits are apportioned on a time basis to each Financial Year.

The corporation tax rate has been 19% for all limited companies since April 2016. Prior to this, the rate varied depending on the company's profits.

Unlike individuals, companies don't receive any kind of tax-free allowance, and therefore all profits are taxable. However, there are a number of expenses and deductions that can be claimed to reduce your bill.

Get in touch to find out how we help our clients determine the right strategic priorities to grow profitably and offer support with practical solutions.

Compliance with the latest government legislation.

Weekly or monthly payslips showing the respective Tax, National Insurance payments.

SMP and SSP calculations.

Handle your real-time information tax returns.

Year end Forms submitted to the Inland Revenue

Backup support and help line available

As can be seen, we provide a complete comprehensive Payroll support structure from the small to larger companies.

Your VAT needs may range from routine compliance to specialist advice. No matter the complexities of your organisation, Our VAT and indirect tax team can support your business strategies and provide expert advice to manage your tax risk and liabilities.

The issues and questions surrounding VAT are notoriously difficult. With increased legislation and regulation, this makes VAT one of the most complex taxes you are likely to encounter. Whatever your particular business sector or circumstances,our VAT and indirect tax team will provide you with tailored, practical and commercial advice which is specific to your business needs.

Charter Brook Limited's specialist team can help you plan a VAT-efficient approach to every aspect of your business to enhance cashflow and minimise risk.

Whether your VAT affairs are straightforward or highly complex, and whether you require one-off specialist advice or ongoing services, you will benefit from a VAT expert working with you to achieve your aims.