Corporation Tax Registration
The vast majority of companies apply as an employer both for PAYE and Corporation Tax time as they register with Companies House.
To submit your firm’s payment or return of taxes, log in to HMRC online services if you haven’t previously done so. You can set up an account if you don’t already have one.
If you registered your firm, you’ll have to apply for Corporation Tax individually by:
- through an agent
- third-party software
Within three months of launching a business, you should register. Buying, selling, marketing, renting a place, and recruiting someone are all examples of this. If you’re not sure what qualifies as starting a business, you can look it up.
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How to Register
To register, log into your firm tax account and simply follow the instructions found in your account.
To sign in, prepare your Government Gateway user ID and password. You can create one right after you sign in if you don’t have one.
You also need the 10 digits number or Unique Taxpayer Reference (UTR) of your business. The HMRC (HM Revenue and Customs) mails this to your business address registered to Companies House in a span of 14 days.
If you haven’t received your UTR when you registered, you can acquire one online.
What you should inform HMRC
You should tell HMRC the following information when registering:
- registration number of your company
- the date that your was business launched (the first accounting period for your company will begin on this date)
- the due date of your annual accounts
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What will happen next?
HMRC will notify you of the Corporation Tax payment deadline.
Even if you suffer losses or doesn’t have a Corporation Tax to pay, you should still submit a file of your Company Tax Return.
In the future, you’ll be able to find your UTR.
Your UTR then appears on all HMRC correspondence and online services: Take note of it as you will need it:
• to submit a Corporation Tax inquiry to HMRC
• to use commercial software to send your company’s tax return
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