MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
I am a small limited company, a one man band in my first year of trading.
I will approximately bring in around £50,000 this financial year.
I am pretty unsure of the corporation tax rate that i would be using for my accounting purposes.
Anybody?
That was my thinking as i assumed i came underthe small profits rate of 20%, but i was looking at the HMRC website and i nearly had a panic attack when i read the 25% rate. My accountant seems to be having an extended holiday with the amount of time it takes here to get back to me 😀
I'm in a similar situation to you and I'm 99% sure its 21% for this year (on profits less than £300,000).
Thanks for the quick answres there geoff, yea that was my thinking but you know what it is like when you get something in your head...... 😀
Hope the business is going well buddy.
Hope the business is going well buddy.
Its early days, but I've got a couple of contracts under my belt and a years redundancy as a safety net if I need it. Fingers crossed!