12th March 2012
My Limited Company, of which I am a Director, has just had a very good year and it looks like we will be in profit to the tune of £450,000 for our financial year end 31 March 2012. This will result in a significant Corporation Tax bill. Is there any way that this can be reduced legitimately?
There are a number of ways that the profits of a company can be reduced and, therefore, the level of Corporation Tax payable but one method that can best be explained by an example is the use of company contributions to personal pensions...