We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Best ways to reduce corporation tax - in order?

can_darter
Posts: 7 Forumite

in Cutting tax
Interested to know what others (perhaps any IFAs/accountants on here) would rank as the "best ways to reduce corporation tax"?
e.g.
e.g.
- Pension contributions
- Charity donations
- R&D tax relief (not sure if that's a thing anymore?)
- etc
0
Comments
-
Of course 'it depends'
For example, up until fairly recent pension contributions would have been a no-brainer but with pension pots becoming in scope for IHT then the bigger picture needs to be looked at.
What does your accountant suggest seeing as they know you/your business.
Will say that some people have the mentality that they would rather the business spent £1000 on something it didn't really need than pay £200 tax on that £1000, a mentality I struggle with.2 -
Capital spend through use of capital allowances,
Make a loss (maybe not the best way, but it could be depending on your circumstances)
0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.5K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.5K Work, Benefits & Business
- 599.8K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards