We can file all your company taxes for you.
This webpage describes some of the more usual taxes involved for a Limited Company.
There are several taxes involved in a Limited Company, including:
•
Corporation Tax
•
PAYE
•
VAT
• and
Self Assessment for an individual as a
Director
Corporation Tax
Corporation Tax is a tax on the profits of a
Limited Company.
These tax calculations can be quite complex which is why they would normally be done by qualified accountants, and this is part of our service.
PAYE / Payroll
If you are a
Director of the limited company, you will usually be an
employee of the company and on the
Payroll of the company. This means that you will have a salary and receive a payslip, just like any other employee.
The company will usually run a monthly payroll and may need to deduct
Income Tax and National Insurance on the payslip and pass this on to HMRC under the
PAYE tax system every month.
Payroll is part of our service.
Self Assessment
For an individual
Director,
HMRC say they require a personal
Self Assessment tax return in addition to the limited company's Corporation Tax return.
VAT
Please visit our
VAT webpage for more details.
For each of the above taxes, please note:
• All of these taxes are now
filed online
• Each has a
separate registration process