Corporation Tax

Get to grips with corporation tax for UK limited companies. Articles cover tax calculations, allowable expenses, pension contributions and legitimate ways to reduce bills.

Company Liquidations and Companies in Administration

Companies still pay corporation tax during liquidation and administration, even while winding up operations and distributing assets.

Cutting Your Corporation Tax Liability Through Bonuses

Bonuses reduce corporation tax by lowering your company's taxable profits while shifting the tax burden to employees.

Cutting Your Corporation Tax Liability Through Expenses

Reduce what you owe in corporation tax by understanding which business expenses HMRC will actually allow you to claim.

Deferring Capital Gains

How to reduce your capital gains tax bill when selling or transferring business assets.

Director's Loan Accounts: The £10,000 Trap and 9-Month Deadline

Owner-managers who use the company bank account as a personal one usually find out about Section 455 the hard way.

Investment Enterprise and Efficiency

How the Enterprise Investment Scheme helps small businesses secure funding while offering investors significant tax advantages.

Negligible Value Claim Relief

You can claim tax relief on worthless investments by offsetting losses against previous income.

Periods of Accounts

Understand the difference between periods of account and accounting periods for calculating income tax and corporation tax.

Tax Charges on Income

Companies can deduct certain payments like charity donations from their profits to reduce their corporation tax bill.

Understanding Pension Contributions

Pension contributions can cut your company's corporation tax bill, but knowing the difference between approved and unapproved schemes matters.

What Is a Close Company and How Does It Work?

A close company is a UK private business controlled by up to five people or where all shareholders are directors.

What Is Corporation Tax?

Corporation tax is a direct tax on the profits of limited companies and some associations, but not self-employed people or partnerships.