Taxcafe.co.uk - Essential Tax Advice Guides
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PUBLICATION DATE:  APRIL 2021
PAGES:  142
EDITION:  1st
ISBN:  9781911020677
STATUS:  IN STOCK

The Company Tax Changes

and How to Plan for Them

By Carl Bayley BSc FCA

This brand new guide covers the three major company tax changes announced in the March 2021 Budget:

As a package, these important changes are relevant to ALL companies, including trading companies, property investment companies and both big and small companies.

From April 2023 there will be three corporation tax rates: 19% (profits £50,000 or less), 26.5% (profits between £50,000 and £250,000) and 25% (profits over £250,000). The higher rates will affect some companies from as early as May 2022.

This guide shows you how to maximise your tax savings both before and after the increase, for example by delaying spending or bringing forward income and capital gains. In one example a company saves £32,250 by selling an investment property before 1st April 2023.

At present owning more than one company does not affect your tax. In the near future owning more than one company (such as a property company) could result in a higher tax bill. Sometimes, however, it will save you tax.

The guide also provides full details of the generous 130% Super Deduction which allows companies to deduct up to 130% of their spending on things like new vans, machinery, furniture and computer equipment.

Finally, we take a look at the new rules that allow companies to carry back trading losses three years. This extension will allow some smaller companies to bring in extra tax refunds of up to £76,000.

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What Information is Contained in the Guide?

Like all Taxcafe guides, The Company Tax Changes is written in plain English and contains numerous worked examples and tax planning ideas.

Subjects covered include:

Click here to read the full contents listing and first section of the book


Free Bonus Tax Guide - How to Save Tax 2021/22

When you order this guide you will also receive a FREE copy of How to Save Tax 2021/22.

This comprehensive tax guide contains 165 pages of tax saving tips. It is completely up to date with all the latest tax changes announced in the March 2021 Budget and all previous Budgets - essential reading for anyone who wants responsible, tried and tested tax planning ideas.

Please click here for more information on this excellent bonus e-book.

About the Author - Carl Bayley BSc FCA

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Carl began his career as a chartered accountant over 30 years ago and is now one of the country’s most respected tax experts. He was Chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) from 2015 to 2018. He is currently a member of the Institute’s governing council. He has written over 10 plain-English tax guides and enjoys his role as a tax author: “The most satisfying part is the chance to give everybody a high standard of advice at an affordable price”.

What Will I Receive?

  • Printed Book Orders - 142 page professionally printed book plus FREE PDF copy (immediate download)
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