Tips to reduce corporation tax as a limited company owner
Since 1 April 2023 all companies with profits over £250,000 have needed to pay corporation tax at a rate of 25%, falling to 19% for companies with profits up to £50,000. Companies with profits between these amounts may get marginal relief.
However, there are ways limited company owners can reduce tax bills.
Our guide could help you understand:
- What is corporation tax and who needs to pay it
- Penalties involved with late payments of company tax return
- How to save for retirement and reduce your corporation tax bill
Download your guide now
Please correct the following errors before you continue:
Tax is a complicated area, if you’re not sure what’s right for you, please ask for advice. Our advisers can help with tax planning, for complex tax calculations please speak to an accountant. Tax rules can change, and benefits depend on individual circumstances. Money in a pension is usually accessible from age 55 (rising to 57 in 2028).
Since 1 April 2023 all companies with profits over £250,000 have needed to pay corporation tax at a rate of 25%, falling to 19% for companies with profits up to £50,000. Companies with profits between these amounts may get marginal relief.
However, there are ways limited company owners can reduce tax bills.
Our guide could help you understand:
- What is corporation tax and who needs to pay it
- Penalties involved with late payments of company tax return
- How to save for retirement and reduce your corporation tax bill
Tax is a complicated area, if you’re not sure what’s right for you, please ask for advice. Our advisers can help with tax planning, for complex tax calculations please speak to an accountant. Tax rules can change, and benefits depend on individual circumstances. Money in a pension is usually accessible from age 55 (rising to 57 in 2028).
