The Future of UK Corporation Tax

In the Spring Budget 2021, Chancellor Rishi Sunak announced that the UK's main rate would increase to 25% (for profits over £250,000) from April 2023, at the same time as a separate small-profits rate of 19% (for profits of £50,000 [...]

2021-08-09T16:54:40+01:00April 13th, 2021|Corporate Tax|

Corporate Tax Planning 2020/21

Looking forward through the next 12 months, tax management and planning could play an important role in helping your business survive these uncertain times. Now is a good time to review whether the tax planning strategies of your business both [...]

2021-08-09T16:54:48+01:00August 4th, 2020|Corporate Tax|

R&D Tax Credits in Practice

R&D tax credits allow small companies to deduct an extra 130% of their qualifying costs from any profits, in addition to the existing 100% of qualifying costs - a total potential deduction of 230%. Can my company claim R&D relief? [...]

2021-08-09T16:54:51+01:00January 10th, 2020|Corporate Tax|

Capital allowances

Capital allowances provide the mechanism for tax relief on certain types of capital expenditure essentially providing a deduction against profits. Are you maximising your capital allowances position? Read our guide here to see how to minimise business tax in 2018//19.

2021-08-09T16:54:57+01:00September 3rd, 2018|Corporate Tax|

From sole trader to limited company

With a new tax year almost upon us, many sole traders will be reviewing their business structure and considering whether it’s worth switching to a limited company. What’s involved? Read our update to see what to expect from incorporating your [...]

2021-08-09T16:54:59+01:00April 10th, 2018|Corporate Tax|

Patent box

The patent box regime applies a reduced rate of corporation tax to profits attributable to qualifying patents and similar intellectual property for incorporated businesses. Read our guide to see whether you qualify and how the profits are calculated.

2021-08-09T16:55:02+01:00November 1st, 2017|Corporate Tax|