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Tax return: It is a document that must be filed with the HM Revenue & Customs declaring liability for taxation.
Your company or association must file a Company Tax Return if you get a ‘notice to deliver a Company Tax Return’ from HM Revenue and Customs (HMRC). You must still send a return if you make a loss or have no Corporation Tax to pay.
You don’t send a Company Tax Return if you’re self-employed as a sole trader or in a partnership – but you must send a Self Assessment returns.
What it involves?
When you file your tax return, you work out your:
• profit or loss for Corporation Tax (this is different from the profit or loss shown in your annual accounts)
• Corporation Tax bill
You can either get an accountant to prepare and file your tax return or do it yourself.
We can help you for your any accountancy need of your business. If you want to know any kind of information about our services contact us any time!