a:3:{s:7:"widgets";a:1:{i:0;a:5:{s:6:"filter";s:1:"1";s:4:"text";s:1869:"<p>Corporation Tax is a tax on the taxable profits of limited companies and other organisations including clubs, societies, associations and other unincorporated bodies.</p><p><strong> Corporation Tax Rates: 19%</strong></p><p>You must pay Corporation Tax on profits from doing business as:</p><ol><li>A limited company;</li><li>Any foreign company with a UK branch or office;</li><li>A club, co-operative or other unincorporated association; e.g. a community group or sports club.</li></ol><p>You don’t get a bill for Corporation Tax.</p><p>There are specific things you must do to work out, pay and report your tax.</p><ol><li>Register for Corporation Tax when you start doing business or restart a dormant business;</li></ol><p>Unincorporated associations must write to HMRC.</p><p>2. Keep Accounting records and prepare a Company Tax Return to work out how much Corporation Tax to pay.</p><p>3.Pay Corporation Tax or Report to HMRC if you have nothing to pay by your deadline</p><p>- this is usually 9 months and 1 day after the end of your ‘accounting period’.</p><p>4.File you Company Tax Return by your deadline- this is usually 12 months after the end of your accounting period.</p><p>Your Accounting Period is normally the same 12 months as the financial year covered by your annual accounts.</p><p> </p><p>Corporation Tax is payable on:</p><p>Taxable profits which include the money your company or association makes from:</p><ul><li>doing business (‘trading profits’)</li><li>investments</li><li>selling assets for more than they cost (‘chargeable gains’)</li></ul><p> </p><p>If your company is based in the UK, it pays Corporation Tax on all its profits from the UK and abroad.</p><p>If your company isn’t based in the UK but has an office or branch here, it only pays Corporation Tax on profits from its UK activities.</p><p> </p>";s:5:"title";s:0:"";s:4:"type";s:6:"visual";s:11:"panels_info";a:7:{s:5:"class";s:31:"SiteOrigin_Widget_Editor_Widget";s:3:"raw";b:0;s:4:"grid";i:0;s:4:"cell";i:0;s:2:"id";i:0;s:9:"widget_id";s:36:"788b75e8-d861-4b52-a661-aeaef237b9cd";s:5:"style";a:0:{}}}}s:5:"grids";a:1:{i:0;a:2:{s:5:"cells";i:1;s:5:"style";a:0:{}}}s:10:"grid_cells";a:1:{i:0;a:4:{s:4:"grid";i:0;s:5:"index";i:0;s:6:"weight";i:1;s:5:"style";a:0:{}}}}