Corporation Tax Savings
Information About Corporation Tax Savings
Corporation Tax Savings
Do you run a company with more than £100,000 profit expects in the current year? If so, firstly congratulations in these difficult times, secondly do you want to pay at least 22% tax on these monies, which is probably locked into the working capital of the business anyway?
This scheme costs about 17% of the profits removed for tax purposes. This is not a large saving until you realise that you as a shareholder/director/employee can use this money yourselves with no further tax to pay.
If you are interested please contact me as soon as possible.
Disadvantages?
You need to have made this profit and all the paper work needs to be done before the companys year end. You do not even have to pay out the cash as the scheme allows for the monies to be borrowed for the two to four weeks that the transaction requires.
Do all the profits have to go this way? NO as long as the figures exceeds £100,000 the scheme works on that chunk of profit. This could be profits at the higher rates of Corporation Tax (29.75% for profits between £300,000 and £1,500,000 if only one company is in the "group").
What if is successfully rejected?
Fees are returned