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Tax compliance in London involves ensuring individuals and companies meet their statutory obligations with His Majesty's Revenue and Customs (HMRC). This includes accurate and timely filing of tax returns, payment of taxes, and adherence to all relevant tax legislation and regulations.
For corporate entities, this means filing CT600 forms, typically within 12 months of the accounting period end, and paying Corporation Tax. VAT-registered businesses must submit VAT returns, usually quarterly, with MTD for VAT making digital record-keeping and submission mandatory. Employment tax compliance covers PAYE, National Insurance contributions, and benefits-in-kind reporting (P11D), with real-time information (RTI) submissions to HMRC.