Tax planning is an important part of every company and is a vital part of setting up and running your business. It is important to ensure your company registration is organised in such a way as to minimise corporation tax costs for the business. Our experts can help you incorporate tax planning into your decisions.
The standard Corporation Tax rate is 12.5% and is charged on the profits of the company after the deduction of allowable costs. Allowable costs are generally costs "wholly and necessarily incurred on behalf of the business". Special deductions are also available for specific business costs.
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