Navigating the maze that is business taxes can be overwhelming. Seriously, what is a CT600?<\/p>\n\n\n\n
With so many forms to keep track of, it’s so easy to get lost in the process. Luckily for you, Taxfix revels in all things tax and tax forms. We\u2019re here to simplify things for you.<\/p>\n\n\n\n
So, what\u2019s a CT600 form? Put simply, it\u2019s the form that tells HMRC how much corporation tax your company owes. And it\u2019s just one of the documents that forms your annual company tax return.<\/p>\n\n\n\n
Let\u2019s take a closer look at who needs to submit a CT600 and how you can go about doing it correctly.<\/p>\n\n\n\n
All companies registered in the UK with Companies House<\/a> need to file a CT600 annually. Why? So that HMRC knows how much corporation tax<\/a> you\u2019ll need to pay on your profits. <\/p>\n\n\n\n This includes limited companies, public limited companies (PLCs), and certain clubs, societies and associations that are liable for corporation tax. <\/p>\n\n\n\n Essentially, if your company is subject to corporation tax, you\u2019ll need to complete and submit a CT600 form each year.<\/p>\n\n\n<\/div> \n\n <\/p>\n No worries, get tax advice from a professional accredited accountant about your situation. They\u2019ll help you with all things company tax. 30 minutes, 1-1, 100% remote.<\/p>\n <\/p>\n<\/div>\n <\/div>\n\n \n \n This is where things can get a little more complicated, so let\u2019s break it down.<\/p>\n\n\n\n Every company has its own CT600 form deadline. Since the CT600 forms part of your company tax return, your CT600 is essentially due on the same date as your company tax return<\/a>.<\/p>\n\n\n\n This will coincide with the end of your accounting period<\/a>. <\/p>\n\n\n\n For example, if your financial year ends on 31 March, that\u2019s the end of your accounting period. You\u2019ll need to submit you company tax return (including the CT600) within 12 months of this date.<\/p>\n\n\n\n You can learn more about the corporation tax due date here<\/a>. Use our guide as a calculator to find out when your corporation tax and company tax return are due.<\/p>\n\n\n\n Since the CT600 forms part of your company tax return, you’ll face the same late filing penalties as you would for your tax return. And this can come with some pretty hefty fees \ud83d\ude30.<\/p>\n\n\n\n If you’re even just 1 day late with your company tax return, you’ll get hit with a \u00a3100 penalty. Let that slide for another 3 months and you\u2019ll be charged an extra \u00a3100 on top. <\/p>\n\n\n\n If you still don\u2019t file 6 months down the line, HMRC starts estimating your tax bill and adds a penalty of 10%.<\/p>\n\n\n\n Let\u2019s imagine 12 months have passed. Guess what? Another 10% penalty is added. So, to avoid these headaches, make sure you get your CT600 in on time!<\/p>\n\n\n<\/div> \n\n <\/p>\n Get your company taxes sorted by an accredited accountant for a one-off, fixed fee. 100% online, 0% fuss.<\/p>\n <\/p>\n<\/div>\n <\/div>\n\n \n \n It\u2019s pretty easy to get the CT600 and CT603 mixed up \u2013 they are similar numbers after all! But they both serve different purposes when it comes to your company tax return.<\/p>\n\n\n\n The CT603 is simply a notice from HMRC to request the filing of your CT600 (corporation tax for your company tax return).<\/p>\n\n\n\n It\u2019s HMRC\u2019s way of saying: “It’s time to get your tax affairs in order.” So, when you receive a CT603 notice, it\u2019s time to prepare your CT600 form for submission.<\/p>\n\n\n\n Looking for a helping hand to submit your CT600 form? Follow these simple steps.<\/p>\n\n\n\n You can learn more about how to pay corporation tax here<\/a>.<\/p>\n\n\n\n Or, of course, you can always just use Taxfix.<\/p>\n\n\n<\/div> \n\nNot sure whether you need to or not?<\/h2>\n\n \n \n
When do I need to submit it by?<\/h2>\n\n\n\n
Is there a penalty if I file my CT600 late?<\/h3>\n\n\n\n
Avoid penalties with professional help<\/h2>\n\n \n \n
What’s the difference between a CT600 and a CT603<\/h2>\n\n\n\n
How to submit Corporation Tax for Company Tax Return<\/h2>\n\n\n\n
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<\/li>\n\n\n\nHow can Taxfix help?<\/h2>\n\n \n \n