Corporate Tax Planning

Corporate Tax Planning

When self assessment for companies was introduced the onus was placed on the business, rather than the Inland Revenue, to ensure it complied with the corporate tax regime. In reality the majority of companies do not have the knowledge to do this and are at risk of incurring penalties if their returns are not correct:

We can take this administrative burden from the company by:

• Preparing the corporation tax computation from the statutory accounts.
• Preparing the corporation tax return (form CT600) and submitting it to the Inland Revenue.
• Informing the company of the corporation tax due, well in advance of the deadline for payment.
• Dealing with the Inland Revenue if they enquire into the company’s return

As with individuals, it is important to ensure that the company has taken advantage of all available reliefs and expenditure available to it.

Therefore we also offer a corporate tax planning service, which may include:

• Use of a company pension scheme to purchase commercial property
• Tax efficient employee benefit schemes
• Company reorganisation and restructures