Services

Working out your Corporation Tax rate and getting reliefs and other deductions from your Corporation Tax bill

• Rates

  The Corporation Tax rate for company profits is 25% You pay Corporation…

• Allowances and reliefs

  You can deduct the costs of running your business from your profits before…

Your and your company's responsibilities - repaying director's loans, interest, tax on loans, reporting to HM Revenue and Customs

• Overview

  A director’s loan is when you (or other close family members) get money…

• If you owe your company money

  You or your company may have to pay tax if you take a director’s loan.…

• If you lend your company money

  Your company does not pay Corporation Tax on money you lend it. If you…

Paying Corporation Tax when your limited company sells an asset for more than it paid - includes chargeable gains, intangible assets, working out inflation

• Overview

  Your limited company usually pays Corporation Tax on the profit…

• Work out a chargeable gain

  The gain is usually the difference between what you paid for the asset and…

• Intangible assets

  ‘Intangible assets’ include intellectual property and business reputation…