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The 30-second check

Is Taxley right for my company?

Eight quick questions. No account needed and nothing is saved until you choose to start a return — we'll just remember your answers so you don't repeat them.

Last reviewed

Dormant or just no activity?

"Dormant" has a specific Corporation Tax meaning: no significant transactions in the period. HMRC may already treat your company as dormant, so a return may not be needed at all — check your correspondence. A company with no income or expenses isn't dormant: it still files a normal return with zero figures — pick your usual business type and enter zeros. The dormant option instead skips the profit and loss step and files dormant-style accounts — use it only if you genuinely didn't trade. Read more on GOV.UK.

Answer all 8 questions to see your result (0 of 8 answered). All 8 questions answered — your result is below.

Is your company a UK limited company registered at Companies House?

This app prepares the CT600 for UK companies within the charge to UK Corporation Tax.

Is the company on its own, or in a group made up only of UK companies (not a consortium)?

Group relief between UK companies in a 75% group is supported: Taxley files the CT600C page. Consortium relief and groups with companies outside the UK are not.

Did the company make a loss in an earlier year that you want to use against this year's profit?

Supported — Taxley carries losses forward automatically year to year, or you can enter the brought-forward amount.

Do you have plant, machinery, equipment or a non-residential building to claim capital allowances on?

Supported — Taxley works out the annual investment allowance, the main and special rate pools, full expensing, the zero-emission car first-year allowance and the structures and buildings allowance from what you bought and sold. Leasing, freeports, the VAT capital goods scheme, partial first-year-allowance elections and anything that doesn't fit a standard asset category still need your own figure.

Did the company sell a property or other asset at a gain (a chargeable gain) in this period?

Supported for most sales of UK property and of shares bought in one go — Taxley works out the gain, including indexation up to December 2017 and the substantial shareholding exemption.

Does any of these apply: an R&D claim, an overseas branch or foreign trading income with tax taken off?

These need treatments and supplementary pages the app does not produce.

Has the company lent money to a director or other participator that is still owed nine months after the year end, or repaid and then borrowed again soon after?

Supported: Taxley works out the section 455 tax on the amount outstanding, and the relief due when it's later repaid. Not supported: bed and breakfasting — repaying a loan and borrowing again soon after — unless every repayment was made by crediting a dividend, salary or bonus; that still needs a figure you work out yourself.

Did the company get interest, dividends or rent from outside the UK?

Supported: overseas interest, dividends and rent from property abroad, with relief for foreign tax. Not supported: overseas branches, foreign trading income with tax taken off, controlled foreign companies.

Reminder: when you submit, your Corporation Tax return is filed live to HMRC using your own Government Gateway login — so review everything carefully before you file.

Which companies is Taxley suitable for?

Taxley suits UK limited companies registered at Companies House that file a CT600 and have straightforward micro or small company accounts. Answering the eight questions above gives one of three results: a good fit, workable with some figures you supply yourself, or out of scope. The lists below show the answer each question needs.

Taxley is a good fit if you answer:

  • Is your company a UK limited company registered at Companies House? Yes
  • Is the company on its own, or in a group made up only of UK companies (not a consortium)? Yes
  • Does any of these apply: an R&D claim, an overseas branch or foreign trading income with tax taken off? No

Answering yes to these is fine:

  • Did the company make a loss in an earlier year that you want to use against this year's profit? Supported — Taxley carries losses forward automatically year to year, or you can enter the brought-forward amount.
  • Do you have plant, machinery, equipment or a non-residential building to claim capital allowances on? Supported — Taxley works out the annual investment allowance, the main and special rate pools, full expensing, the zero-emission car first-year allowance and the structures and buildings allowance from what you bought and sold. Leasing, freeports, the VAT capital goods scheme, partial first-year-allowance elections and anything that doesn't fit a standard asset category still need your own figure.
  • Did the company sell a property or other asset at a gain (a chargeable gain) in this period? Supported for most sales of UK property and of shares bought in one go — Taxley works out the gain, including indexation up to December 2017 and the substantial shareholding exemption.
  • Has the company lent money to a director or other participator that is still owed nine months after the year end, or repaid and then borrowed again soon after? Supported: Taxley works out the section 455 tax on the amount outstanding, and the relief due when it's later repaid. Not supported: bed and breakfasting — repaying a loan and borrowing again soon after — unless every repayment was made by crediting a dividend, salary or bonus; that still needs a figure you work out yourself.
  • Did the company get interest, dividends or rent from outside the UK? Supported: overseas interest, dividends and rent from property abroad, with relief for foreign tax. Not supported: overseas branches, foreign trading income with tax taken off, controlled foreign companies.

Taxley isn't right for you if:

  • The app is only for UK limited companies that file a CT600.
  • Consortium relief and group relief with companies outside the UK aren't supported yet — Taxley can't file this return.

Workable, with figures you supply yourself, if:

  • R&D claims, overseas branches or foreign trading income with tax taken off are not supported yet — Taxley can't file this return.

Next: see what a return costs or how filing with Taxley works.

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