Corporation Tax

Based in London

Our Corporation Tax Service is intended to provide you with proactive
guidance and tax planning options in an effective manner to assist you in
meeting the compliance requirements of your business.

Our Corporation Tax solutions

We provide a proactive service to guarantee that your company’s tax return is accurate and that your company is remitting the appropriate amount of Corporation Tax. By ensuring that your business claims allowable tax reliefs
and expenses, we assist in minimizing your Corporation Tax liability.

Profits you pay Corporation Tax on

Taxable profits for Corporation Tax include the money your company or association makes from:

doing business (‘trading profits’)
investments
selling assets for more than they cost (‘chargeable gains’)

If your company is classed as UK resident for tax purposes, it pays Corporation Tax on all its profits from the UK and abroad.

If your company is not classed as UK resident for tax purposes but has an office or branch here, it only pays Corporation Tax on profits from its UK activities.

You pay Corporation Tax at the rates that applied in your company’s accounting period for Corporation Tax.

If your company made more than £250,000 profit, you’ll pay the main rate of Corporation Tax.

If your company made a profit of £50,000 or less, you’ll pay the ‘small profits rate’, which is 19%.

You may be entitled to ‘Marginal Relief’ if your profits were between £50,000 and £250,000.

The £50,000 and £250,000 profit thresholds are proportionately reduced for short accounting periods and by the total number of ‘associated companies’ your company has.