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Corporation Tax

How can I legitimately reduce the bill?

Answered by the TAG Accountancy team · Norwich, Norfolk

Quick Answer

The main levers are capital allowances on equipment, employer pension contributions, getting the salary and dividend split right, and making sure every genuine business cost has actually been…

The main levers are capital allowances on equipment, employer pension contributions, getting the salary and dividend split right, and making sure every genuine business cost has actually been captured in the accounts. Full expensing gives 100% relief on qualifying new plant and machinery.

Nearly all of it depends on acting before the year end. Once the year has closed, the options that remain are mostly limited to making sure nothing was missed.

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