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How to fill in your tax return.

How to fill in your tax return.

Filling in a corporation tax returns for your limited company may initially seem daunting, with the right approach and resources, it is a manageable process.

Corporation tax filing - a time that often evokes mixed feelings of confusion, stress, and the occasional spark of anticipation. During this time, businesses face navigating through the labyrinthine world of tax returns. Filing your company’s tax returns is a crucial annual responsibility ensuring you fulfil your obligations while maximising potential benefits and avoiding penalties. However, the intricacies of tax laws and the ever-evolving regulations can be overwhelming, leaving many with more questions than answers. 

But fear not! In this guide, we will outline the process and equip you with the knowledge and confidence to tackle your taxes head-on, as well as the advantages of using a tax return calculator such as Easy Digital Filing.

Gather Your Information

Before you start filling in your tax return, the first crucial step is to gather all the necessary information. This includes any other relevant financial details related to your limited company. Ensuring you have the required information readily available can streamline the process and avoid unnecessary delays or errors. 
Here is a list of all the filing requirements for a Limited Company:

  • Annual accounts
  • Confirmation statement
  • Corporation tax return (CT600)
  • VAT returns*
  • Employer (PAYE) returns*
  • Event-based filings to Companies House

*if registered for VAT  and  PAYE.

Take the time to organise these documents in an orderly or date order, as it will save you considerable effort later on. A comprehensive record of your financial activities throughout the year will enable you to accurately report your income and claim eligible deductions or credits. 

With our software at Easy Digital Filing you can create and file your CT600 and full IXBRL accounts to HMRC and your abridged accounts to Companies House. For more information on creating these, please see our knowledge base articles on creating micro entity accounts and filing your CT600 online.

Choose Your Tax Return Calculator

Once you have gathered all the necessary information for your tax return, the next step is to choose your preferred filing method. The primary option is filing online using a tax return calculator such as Easy Digital Filing.

A corporation tax calculator offers a convenient and efficient way to submit your information to the tax authorities. Our online platform provides a secure and user-friendly interface where you can enter your company’s financial details, deductions, and credits directly into the designated sections. 

It is of utmost importance to find a digital filing software you can trust, in order to ensure accuracy and optimise your tax position. Corporation tax calculators are valuable tools that assist you in calculating your tax liability, deductions, and possible refunds based on the information you provide. These tools should incorporate the latest tax laws and regulations, saving you time and effort in manual calculations.

Fill In Your Tax Return

Easy Digital Filing is a trusted calculator used by thousands of companies every year. Using our corporation tax software is fast and easy. 

Follow these easy steps to successfully file your tax return with us:

  1. Create an account
  2.  Enter company information & HMRC gateway credentials 
  3.  Input turnover details in both the accounts and CT600 templates
  4.  Input expenditure details
  5.  Review and verify
  6.  Make use of any capital allowances
  7.  Download your return for your reference/

Filling in your company’s tax returns may initially seem daunting, but with the right approach and resources, it can be a manageable process. Confidently navigate through the complexities of tax return preparation by gathering your information and using tax return software such as Easy Digital Filing.

Remember to review your completed tax return, submit it on time, and keep copies of all relevant documents for your records. With proper planning, attention to detail, and compliance with tax regulations, you can complete your tax return and fulfil your financial responsibilities without any stress. 

    Read more about Easy Digital Filing and our values.

    Author: Lyubka Rizova

    Lyubka is one of our Digital Accountants specialising in Small and Micro Accounting and Corporation Tax. She holds a First class Degree in Accounting and Finance and is an active contributor to our knowledge base articles. When not delivering a first class service she likes to exercise and travel.

    Read All articles by Lyubka Rizova
    This article is information only and has been prepared for general guidance on matters of interest only, and does not constitute legal, accounting, tax, investment or other professional advice or services. You should not act upon the information contained in this article without obtaining specific professional or legal advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this article, and, to the extent permitted by law, Comdal Limited, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

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