taxation

corporation tax

If you trade as a Limited Company, you will be liable to Corporation Tax on the company profits. Corporation Tax is currently charged at 21% for all company profits up to £300,000 and 28% thereafter.

Some companies trade as part of a Group Structure which can affect the tax position of all companies within the group. It can allow additional tax reliefs, relating to transfers between intra-group companies, however, it can also affect the rate of tax each company pays.

Careful planning is therefore needed when trading as a Limited Company, particularly where other companies are involved. The way that business activities are structured needs careful attention and we can assist with all aspects of tax planning in this situation.

From the shareholders point of view, the way profits are utilised in the company, plus the way remuneration is drawn can be vital to the successful running of a company. We can assist with recommendations for share capital structure, plus subsequent remuneration planning.