Corporation Tax

Limited CompaniesSole Traders & Partnerships

Conducting year-end work can be difficult to prioritise. Read through our ten strategies that can make your year-end process a more seamless.

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Limited CompaniesSole Traders & Partnerships

There are always competing factors to consider when thinking about your March year-end as a company. How prepared do you feel?

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IndividualsLimited CompaniesSole Traders & Partnerships

For a round-up of what the Spring Budget contained and how this might affect you, please read our summary of some of the major changes.

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Limited CompaniesSole Traders & Partnerships

In March 2021, when Rishi Sunak was Chancellor, the Corporation Tax rise was first announced. After some confusion that arose from the mini-budget, Jeremy Hunt has since confirmed that this rise will still take place in April 2023.

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Limited CompaniesSole Traders & Partnerships

The rules for deciding whether a gift given in the course of business is deductible are complex. The rules for business gifts generally follow

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Limited CompaniesSole Traders & Partnerships

The Government giveth, and the Government taketh away – or so it seems. Most COVID support grants paid out by central govenment or though

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The normal deadline for filing private limited company accounts is 9 months after the company’s financial year end, known as the accounting reference date. For example, many companies have a year-end date of 31 March and are therefore required

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Under the current rules non-resident companies with a trading business in the UK are liable to pay UK Corporation Tax on their profits made through a permanent establishment/branch or agency. This includes trading income and any income from property

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HMRC defines a director’s loan as money taken from your company (by you or other close family members) that isn’t:

a salary, dividend or expense repayment and
money you’ve previously paid into or loaned the company
An overdrawn director’s loan

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Companies often have to contend with having two different company accounting periods. This is because there are different rules for Companies House filings and submissions to HMRC, for Corporation Tax purposes.
The accounting periods can be the

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There are a number of scenarios where HMRC would consider a company or organisation to be inactive for Corporation Tax (CT) purposes. This is a different categorisation to a ‘dormant’ company and usually happens when a company has not commenced

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