How to Register for Corporation Tax

Published by restartitservices on

There are so many things to consider when starting a business that getting your head around all the ins and outs of tax requirements can sometimes be forced to take a back seat. That said, tax is probably one of the most important considerations for a new business owner, with potential penalties looming if you fail to act accordingly.

So, what do you need to do to ensure that you’ve dotted all the I’s and crossed all the t’s when registering your business for corporation tax?


Registering for Corporation Tax – The Process

Once you’ve registered your company with Companies House, you’ll then have to register for corporation tax with HMRC. For most companies, this can be done online, but must be completed within 3 months of starting the business, otherwise you may get a penalty for late registration.

To register, you will need your companies 10-digit Unique Taxpayer Reference (UTR). This is usually provided to you straight away by HMRC within a few days of registering a Limited company with Companies House, but if you do not receive your UTR you can phone the helpline.

When you register for corporation tax, you will need to supply the following details to HMRC:

• Registration number
• Date your business started
• Date your annual accounts are made


Submitting a Corporation Tax Return

Once you have submitted the above, HMRC will confirm your deadline for paying corporation tax.

It’s worth noting that regardless of whether you have made a loss or have no corporation tax to pay, you will still need to file a corporation tax return. This can be done online at the HMRC website, but you may prefer to let the professionals at Clear Vision handle this for you.

Get in touch today and our team of professional accountants can assist you with any enquiry around business tax obligations, corporation tax and company tax returns.

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