All companies are required to prepare an annual tax return (or two where a period runs longer than 12 months). This is the CT600.
Our role is to ensure that all returns are completed and filed on time and that all tax allowances have been claimed and all profits and incomes declared. Whilst the vast majority of CT600’s are routine, it is important to ensure that additional supporting calculations and explanatory notes are prepared to protect the client. It is essential to pre-empt potential challenges with full disclosure of information, but avoid flagging issues that may prompt unmerited HMRC enquiries.
There are many opportunities for HMRC to raise questions into your affairs, hence minimizing the opportunity through the prompt and accurate filing of the CT600 is crucial.