Tag Archives: corporation tax
For profits of £300,000 or less, the rate of Corporation Tax from 1st April 2017 is 19%. Not all business expenses can calculate this profit – for example, entertaining expenditure and depreciation. Tax is calculated therefore on adjusted profit, not necessarily accounting profit.
Corporation Tax is the tax imposed on the profits of a Limited Company. It also applies to foreign companies with UK branches/offices and clubs, co-operatives or other unincorporated associations. When you start a business you must register for tax. You are required to keep accounting records and prepare a Company Tax return to work out […]
Taxes can be incredibly complex to understand. Our small business accountants have answered some of the common questions regarding tax for you here. There’s a lot of information about VAT, including how to register and charge for VAT. We’ve also looked at questions about Corporation Tax, Self Assessment, Capital Gains Tax and Stamp Duty. What […]
The Autumn Statement has been announced by UK Chancellor Philip Hammond with several impacts on small businesses. Here are five highlights from the statement and how they could impact your business.