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Non-Resident Company Tax Return in the UK
Are you a non-resident company operating in the UK or earning income from UK sources? It's essential to be aware of your tax liability to ensure compliance with HMRC regulations. We are here to simplify this for you.
Key Insights!
Non-Resident Company Tax Return: Latest Update
The rules for non-resident company landlord have changed significantly from 6 April 2020. The latest changes imply that the non-resident companies which carry on a UK property business or have other UK property income are now moved from the income tax regime to the corporation tax regime.
Accounting Period
From 6 April 2020 onwards, non-resident company landlords are now subject to corporation tax based on their company's accounting period, rather than the tax year (6 April to 5 April).
Corporation Tax Rate
A non-resident company that earns rental income from UK properties will have to pay 25% corporation tax on all its UK rental profits from the tax year 2023/24.
Deadline and Payment
The Company Tax Return (CT600) should be filed within 12 months of the end of the accounting period. There’s a separate deadline to pay your Corporation Tax bill which is usually nine months & 1 days after the end of the accounting period.
Penalties for Late Filing
Late filing of a corporation tax return can result in penalties, starting with a fixed penalty of £100. If the return remains overdue for more than three months, additional penalties apply.
Streamline your company accounts with our expertise and tailored solutions.
Why Choose us for your Non-Resident Company Tax Return?
We are specialist accountants and tax advisers for your property business! The service delivered by our qualified and experienced team is tailored as per your needs. Our accomplished tech-embedded service with exceptional property tax insight makes us stand out from the rest.
Expertise and Experience
Our team of experienced professionals possess the knowledge and proficiency to accurately prepare and file your non-resident company tax return, ensuring compliance with all relevant regulations.
Tailored Solutions
We understand that every business is unique. Whether you're a small startup or a large corporation, we provide personalised services to suit the size and complexity of your company.
Timely and Efficient Service
We value your time and work diligently to meet filing deadlines and ensure that your non-resident company tax return is prepared accurately and promptly.
Compliance and Accuracy
We guarantee that your non-resident company tax return is prepared in strict accordance with the latest standards and regulations, leaving no room for error.
Proactive Tax Planning
We offer proactive tax planning advice to help optimise your tax strategies, and ensure you are benefitting from available tax reliefs.
Cost-Effective Solutions
Our services deliver exceptional value, offering competitive pricing without compromising on the expertise and quality we provide to meet your accounting needs.
How We Work
Experience seamless company accounts preparation with us. Our expert team ensures efficiency, accuracy, and compliance throughout the process. Trust us to handle your accounts with precision and professionalism, while you focus on your business's success.
Here is Our Awesome Team
Great things in business are never done by one person. At UK Property Accountants, it is done by a team of people evolved from different walks of life. We are trained and experienced in property tax, accounting and compliance matters, and most of us are qualified as Chartered Accountants, Chartered Certified Accountants, Chartered Tax Advisers or Chartered Financial Analyst.
