If your company profits sit between £50,000 and £250,000, marginal relief can soften the jump from 19% to 25% Corporation Tax. The Corporation Tax main rate applies to companies with taxable profits
Category: Corporation Tax
Corporations tax advice and information.
Creative Industry Corporation Tax reliefs
If your business works in film, TV, games or the arts, Creative Industry Tax Reliefs could reduce your Corporation Tax bill and may even generate a payable tax credit. Creative Industry Tax Reliefs
Reliefs and allowances for Corporation Tax purposes
Companies can reduce their Corporation Tax bill through a range of reliefs, including R&D credits, Patent Box, and creative industry tax reliefs, all of which will help to lower the overall tax on
Register an offshore property developer for Corporation Tax
Non-UK resident companies that buy, develop, or sell UK land must register for Corporation Tax within three months of a disposal. Those non-UK resident companies that deal in or develop UK land must
How to pay corporation tax online
Paying Corporation Tax? Always use the correct reference or risk delays and penalties. To pay Corporation Tax via online or telephone bank transfer, you can use either a UK or overseas bank
Your 2025/26 Corporation Tax Roadmap - Cut Liabilities, Stay Compliant
Your 2025/26 Corporation Tax Roadmap - Cut Liabilities, Stay Compliant Corporation Tax is one of the largest financial obligations faced by UK companies. For entrepreneurs, SMEs, scale-ups, and high-net-worth directors across London, Sutton, Wimbledon, Farringdon, Chelsea, and Canary Wharf, understanding how Corporation Tax works - and how to plan for it - can mean the … Continue reading Your 2025/26 Corporation Tax Roadmap - Cut Liabilities, Stay Compliant
Corporation tax roadmap
With a -50bn shortfall looming, the Chancellor may need to revisit last year-s Corporation Tax roadmap commitments.
As this year-s Autumn Budget approaches, it is an interesting time to revisit the
Transfer pricing consultation
New UK transfer pricing rules could mean more reporting and fewer exemptions for mid-sized businesses. The government is consulting on proposals to tighten compliance and align with global standards.
Present rates of Corporation Tax
Corporation Tax rises with profit levels. Marginal relief bridges the gap, easing businesses from the 19% small profits rate to the 25% main rate.
The Corporation Tax Main Rate applies to companies
How to Properly Document Directors- and Shareholder Loans to Avoid HMRC Penalties: Essential Compliance and Record-Keeping Tips
How to Properly Document Directors- and Shareholder Loans to Avoid HMRC Penalties: Essential Compliance and Record-Keeping Tips Directors- and shareholder loans can be useful for managing company finances, but improper documentation risks serious penalties from HMRC. Keeping accurate records of loan amounts, repayments, and shareholder approvals is essential to stay compliant and avoid fines. Clear … Continue reading How to Properly Document Directors- and Shareholder Loans to Avoid HMRC Penalties: Essential Compliance and Record-Keeping Tips
When Can a Shareholder Loan Be Safer Than a Directors- Loan? Key Considerations for Business Financing
When Can a Shareholder Loan Be Safer Than a Directors- Loan? Key Considerations for Business Financing A shareholder loan can be safer than a directors- loan when the terms are more clearly defined and the risks of tax penalties are lower. Unlike directors- loans, shareholder loans often come with fewer restrictions and can offer better … Continue reading When Can a Shareholder Loan Be Safer Than a Directors- Loan? Key Considerations for Business Financing
Pulling Money from Your Company: Salary, Dividends, or Loan - Choosing the Best Method
HMRC Investigations: What Triggers a Business vs Personal Tax Check and How to Prepare Many directors wonder how best to take money out of their business. The main options are salary, dividends, or loans. Choosing the right method depends on the company-s profits, tax rules, and the director-s personal financial situation.Paying a salary means the … Continue reading Pulling Money from Your Company: Salary, Dividends, or Loan - Choosing the Best Method
HMRC Investigations: What Triggers a Business vs Personal Tax Check and How to Prepare
HMRC Investigations: What Triggers a Business vs Personal Tax Check and How to Prepare When HMRC decides to investigate, the triggers for business and personal tax checks can be quite different. For businesses, common causes include late filing, errors in tax returns, or unusual variations between accounts. For individuals, missed tax payments or discrepancies in … Continue reading HMRC Investigations: What Triggers a Business vs Personal Tax Check and How to Prepare
The Do-s and Don-ts of Recording a Director-s Loan: Essential Guidelines for Accurate Financial Management
The Do-s and Don-ts of Recording a Director-s Loan: Essential Guidelines for Accurate Financial Management When you take money out of your company or put it in for personal use, it-s important to keep accurate records in your director-s loan account (DLA). This account acts as a clear record of every transaction you make with … Continue reading The Do-s and Don-ts of Recording a Director-s Loan: Essential Guidelines for Accurate Financial Management
Top 10 Red Flags That Prompt an HMRC Tax Investigation and How to Avoid Them
Top 10 Red Flags That Prompt an HMRC Tax Investigation and How to Avoid Them If you are worried about an HMRC tax investigation, knowing the common warning signs can help you avoid unwanted attention. HM Revenue and Customs looks for certain red flags when reviewing tax returns and financial records. Understanding these triggers gives … Continue reading Top 10 Red Flags That Prompt an HMRC Tax Investigation and How to Avoid Them
Common Mistakes in Director-s Loan Accounts and How to Fix Them Efficiently and Compliantly
Common Mistakes in Director-s Loan Accounts and How to Fix Them Efficiently and Compliantly Managing a director-s loan account can be tricky, and many businesses make avoidable errors that lead to tax issues or complicated repayments. The most common mistakes include mixing personal and business expenses, failing to keep clear records, and missing critical repayment … Continue reading Common Mistakes in Director-s Loan Accounts and How to Fix Them Efficiently and Compliantly
Tax refunds for dissolved companies
Dissolving a company ends its legal existence — but unresolved assets become property of the Crown under bona vacantia. Directors must act carefully to settle assets and liabilities before
Definition of R&D for tax purposes
When claiming tax relief or capital allowances on R&D, it-s crucial to ensure activities meet strict statutory definitions. Understanding Section 437 ITA and DTI guidelines is key to securing
R & D clearance consultation
Following the Spring Statement, HMRC is inviting feedback on the idea of expanding the use of advance clearances for R&D tax reliefs, aiming to reduce errors and fraud, provide businesses with
Group relief for trading losses
Group relief helps reduce the overall Corporation Tax of a group of companies by allowing them to share losses. For example, if a parent company has profits of -1,000 and its subsidiary has losses of
Tax relief for structures and buildings expenditure
Maximise your tax relief with the Structures and Buildings Allowances (SBA). If you have invested in new or renovated commercial structures, you could claim 3% relief annually—saving you money
Tax Planning for Professional Services Firms Earning Over -200k: Strategies for Maximising Profit and Minimising Liabilities
Tax Planning for Professional Services Firms Earning Over -200k: Strategies for Maximising Profit and Minimising Liabilities Tax planning is crucial for professional services firms earning over -200,000, as effective strategies can greatly influence your financial health. Knowing how to optimise your tax position can lead to significant savings and help you reinvest in your business. … Continue reading Tax Planning for Professional Services Firms Earning Over -200k: Strategies for Maximising Profit and Minimising Liabilities
Tax relief for zero emission cars and electric charge points
Great news for businesses! Tax relief on zero-emission cars and EV charge points has been extended until 2026. This move aligns with the UK-s ambitious Zero Emission Vehicle mandate, driving the shift
Private Residence Relief and Unexpected Tax Liabilities: Preparing with Professional Accountant Support
Private Residence Relief and Unexpected Tax Liabilities: Preparing with Professional Accountant Support Owning a home comes with many financial considerations, especially when it comes to tax implications. Private Residence Relief (PRR) can help reduce your capital gains tax when you sell your home, but unexpected tax liabilities can arise if you're not properly prepared. Understanding … Continue reading Private Residence Relief and Unexpected Tax Liabilities: Preparing with Professional Accountant Support
Could you claim R&D relief?
From April 2024, UK businesses can access enhanced R&D tax relief through the merged RDEC and new ERIS schemes. With generous deductions and credits for R&D-intensive projects, the schemes
Taxation of double cab pick-ups
The tax treatment of double cab pick-up vehicles (DCPUs) has been clarified as part of the recent Budget announcements. This follows a chequered history of the tax treatment of DCPUs after a 2020
Ensuring Compliance with UK Tax Laws: Managing a Remote or International Workforce Effectively
Ensuring Compliance with UK Tax Laws: Managing a Remote or International Workforce Effectively Managing a remote or international workforce can be challenging, especially when it comes to navigating the complexities of tax compliance. With more businesses embracing flexible work arrangements, it's crucial to understand the tax implications that may arise from having remote workers across … Continue reading Ensuring Compliance with UK Tax Laws: Managing a Remote or International Workforce Effectively
Minimising the Tax Impact of Severance Payments and Employee Transition Costs: Strategies for Effective Management
Minimising the Tax Impact of Severance Payments and Employee Transition Costs: Strategies for Effective Management Severance payments can bring financial relief during tough times, but they can also lead to unexpected tax burdens. Many employees are unaware that the tax implications can significantly affect their final payout. Understanding how to minimise the tax impact of … Continue reading Minimising the Tax Impact of Severance Payments and Employee Transition Costs: Strategies for Effective Management
How Businesses Can Manage Additional Tax Burdens Related to Employee Perks Effectively
How Businesses Can Manage Additional Tax Burdens Related to Employee Perks Effectively As a business owner, offering employee perks can be a great way to attract and retain talent. However, these additional benefits often come with hidden tax implications that could impact your bottom line. Understanding how to manage these tax burdens effectively is essential … Continue reading How Businesses Can Manage Additional Tax Burdens Related to Employee Perks Effectively
How to Implement Employee Share Schemes to Maximise Tax Benefits for Your Business
How to Implement Employee Share Schemes to Maximise Tax Benefits for Your Business Implementing employee share schemes can be a smart move for your business. These schemes not only engage employees but can also offer significant tax benefits. To maximise these tax advantages, it is crucial to choose the right type of scheme and understand … Continue reading How to Implement Employee Share Schemes to Maximise Tax Benefits for Your Business