Corporate tax services UK planning can result in potentially significant improvements to your bottom line.
Tax Preparation Abingdon, Oxfordshire, UK, London, Oxford, England, Swindon, Didcot, Reading, Southampton, Bristol, Slough, Birmingham
We generally work with companies prior to their financial year-end and during the audit to identify ways in which corporation tax can be mitigated or deferred.
Corporate tax accountant UK in Abingdon, Oxfordshire, UK, London, Oxford, England, Swindon, Didcot, Reading, Southampton, Bristol, Slough, Birmingham
Corporation Tax relief may be available where a company or organisation makes a trading loss. The loss may be used to claim relief from Corporation Tax by offsetting the loss against other gains or profits of the business in the same accounting period.
It is also possible to carry a trading loss back in order to claim relief from Corporation Tax by offsetting the loss against profits in previous years. Carrying back a trading loss allows companies to seek relief for the losses by carrying them back to an earlier profit-making period resulting in a reclaim of Corporation Tax.
Usually, such a claim can only be made once a Corporation Tax return has been prepared and submitted to HMRC. Losses may only be carried back against profits of a preceding accounting period if the company was carrying on the trade (in which the loss was incurred) at some time in that accounting period. More
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