Corporation Tax

IndividualsLimited CompaniesSole Trader or Partnership

The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement on Wednesday 23 March 2022. Here is an outline the key measures affecting

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IndividualsLimited CompaniesSole Trader or Partnership

This month we are asking our tax and accounts managers to share their top tips for saving tax as the 2021/22 tax year draws

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Limited CompaniesSole Trader or Partnership

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 Trader or Partnership

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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