There are specific things you must do to work out, pay and report your tax.

1) Register for Corporation Tax when you start doing business or restart a dormant business. Unincorporated associations must write to HMRC.

2) Keep accounting records and prepare a Company Tax Return to work out how much Corporation Tax to pay.

3) Pay Corporation Tax or report if you have nothing to pay by your deadline - this is usually 9 months and 1 day after the end of your ‘accounting period’.

4) File your Company Tax Return by your deadline - this is usually 12 months after the end of your accounting period.

We do not advise on tax as we are not regulated to do so. We recommend speaking with an accountant for assistance on this topic.

You can get more information about how to pay Corporation Tax on the UK Government Website via this link: Corporation Tax - GOV.UK (www.gov.uk)