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What Are the Legal Obligations for Corporation Tax Payment Details?

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Corporations are legally required to provide accurate corporation tax payment details to ensure compliance with tax regulations. In the UK, businesses must register for Corporation Tax with HM Revenue & Customs (HMRC) and submit timely tax returns. Payment details, including bank account information and reference numbers, must be correctly provided to avoid penalties. Companies must p... https://xactaccountants.co.uk/corporation-tax/

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