Corporate Tax Planning

Corporation Tax is charged on any corporate body, which includes both limited and unlimited companies and also applies to unincorporated associations such as members’ clubs.

A company, which is resident (incorporated at Companies House) in the UK is liable to tax on their worldwide income and gains. Corporation Tax may also apply to non-resident companies as well.


A company will also be deemed resident if it is not incorporated in the UK but its central management and control is based in the UK. Non-resident companies with permanent establishments will also be subjected to UK Corporation Tax payments.

Corporate Tax is payable 9 months and 1 day after the chargeable accounting period for the majority of companies. For Large companies whereby their profits exceed £1.5m they have to pay by instalments. Contact us for more information about corporate tax planning.

The use of Capital Allowances, Reliefs (incl. Research & Development) and Losses in a tax efficient method can often be overlooked by some firms.

Ensuring the Annual Investment Allowance is first allocated against the Special Rate Pool before the General Rate Pool and the use of Short Life Assets in the right way can lead to tax savings at an earlier date and thus helping cash flow.

Reliefs such as Rollover Relief and Research & Development amongst other can help to defer tax or reduce taxation.

The use of losses for non-group company’s and creating effective Group Structures to ensure the use of Group losses or Consortium Relief can be made in an effective manner is an important tax planning tool.