Corporation tax is charged on the profits of UK resident companies, the vast majority of which are formed in the UK. Corporation tax is levied directly on the profits of the company and is payable by the company. A dividend payment is not an expense of the company in computing its corporation tax liability. Instead, it is a distribution of payment.
Our seasoned team with hands-on approach is always here to assist you through the maze of UK tax legislation and can assist you with the following aspects:
Preparation and submission of Corporation Tax Return (CT600)
Shareholders Tax Planning
Corporate Restructuring
Enterprise Investment Scheme (EIS) and the new Seed Enterprise Investment Scheme (SEIS)
Corporate Tax Investigations
Corporate VAT Planning including Group VAT Registration/Deregistration
Personal Tax
Please note that Income Tax is a tax on income, however not all income is taxable and you are only taxed on your so-called taxable income. You might need to complete a Self-Assessment Tax Return if any of the following applies to you: […]
Capital Gains Tax (CGT) was introduced at the same time as corporation tax in 1965. In broad terms, it is charged on capital gains, defined as chargeable gains accruing to a person on the disposal of an asset (Taxation of Chargeable Gains Act 1992 (TCGA 1992), s 1), whereby the gain would arise if the disposal value is greater than the acquisition value.[…]
