Year-end financial statements
Your year-end financial statements cover your past financial year and declare your Corporation Tax liability.
We can help you in the following ways:
- Prepare your annual year-end financial statements
- Submit them to electronically HMRC and Companies House
- Prepare your Corporation Tax return and its supporting workings
- Send the electronic submission to HMRC
- Prepare your audit file in preparation for your end-of-year audit (if required)
We will help you to meet this filing obligation and review your accounts with you. This will also help us to advise you of any changes that you can implement to increase your tax-efficiency.
Tax deadlines for UK companies
| Tax/other obligation | Deadline | Penalty |
|---|---|---|
| Corporation Tax return | 12 months after end of accounting period | Depends on how late:
|
| Corporation Tax Payment | 9 months and 1 day after end of accounting period (unless taxable profits over £1.5m then have to pay instalments) | No penalty for late payment, but interest charged at 3%. |
| VAT (if registered) | 1 month and 7 days after quarter end | Surcharges can apply if you don’t file (or pay in full) by the deadline more than once in a 12 month period. Level of surcharge depends on turnover and number of failures, ranging from 2% to 15% of the VAT outstanding. |
| PAYE (if an employer) RTI return | On or before payment made to an employee |
|
| PAYE/NI payment | 22nd of each month unless arranged for a quarterly or annual scheme | Late monthly and quarterly payments:
|
| Employment Related Securities annual returns: Eg. Form 42, EMI40, etc | 6 July following the end of the tax year | Depends on how late:
|
| Employment Intermediaries quarterly returns | 5 August 5 November 5 February 5 May | Depends on number of late filings in 12 month period:
|
| Companies House: Annual filing of accounts | 9 months after end of financial year (6 months if public company) | Depends on how late:
|
Personal tax returns
Do you have rental income or any other sources of income that you need to declare on your personal tax returns? Do you know how to prepare personal tax returns?
We can help you with your tax matters by assisting you with the following:
- Preparing sole trader accounts
- Preparing partnership accounts
- Preparing personal tax returns
- Preparing partnership tax returns
- Filing these returns online
- Advising on tax liability and due dates
Self Assessment tax returns
Over 10 million taxpayers must file a personal tax return. Are you one of them?
If any of the below criteria apply to you, you must complete a Self Assessment tax return:
- You are self-employed
- You are a company director
- You receive income from overseas
- You have Capital Gains Tax to pay
- You have an annual income of £100,000 or more
- You have income from trusts, settlements and estates
- You have income from savings, investment or property (unless collected via PAYE)
- You have a rental property in the UK but live elsewhere