Corporation Tax

Corporation Tax 💰

Please note the following 👇

• If you have more than 1️⃣ Trading Limited Company then the Corporation Tax threshold is split between the companies
• If a Limited Company period is less than 12 months then the profit threshold to determine the Corporation Tax Rate and the amount of Relief is reduced
• Corporation Tax has to be calculated accurately ✅ taking into account the allowable/disallowable expenses and allowances

Basic Rule 👇 if trade for 12 months and only operate 1️⃣ Limited Company

• Corporation Tax starts from 19% for Profits up to £50,000 Profits but will be 25% if the Profits are over £250,000.

If the Profits are between £50,000 to £250,000 then the Marginal Relief will be applied

If you require an expert to prepare your Annual Accounts on time 🕰️ and CT600 to be filed 🗒️ then please reach out

We have a wide reach and connections with other Accountants and Tax Advisors so if you prefer someone local, happy to pass their details in 🇬🇧

Tel: 01212852534

Web: www.secureaccountsltd.co.uk