Corporation Tax
Are you taking advantage of all the tax benefits and similar incentives your business qualifies for? In CapitalUk Tax we will conduct a detailed tax review to help you locate ways to save money on your tax liability.
Around three to four months before the start of your financial year, we will determine your final turnover, margins, and costs so we can determine your upcoming tax liability. Then, that gives us the chance to plan ways to reduce it.
Updates about Corporation Tax:
From April 2023, the income tax rate will rise to 25% of the revenue. The Office for Budget Responsibility (OBR) estimates this will raise about £20bn a year by 2027-28. Small businesses with profits of less than £50,000 will continue to pay 19%. The tax rate will increase gradually for companies as their profits rise from £50,000 to £250,000.
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