LJS Accounting Services

Corporation Tax & Group Restructure

Tax doesn’t always have to be taxing.

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Corporation Tax & Group Restructure

The trading profits of a limited company are subject to corporation tax which is payable to HMRC. Our senior accountants and client managers are vastly experienced in preparing your year-end accounts, tax computations, and company tax returns ready for submission to HMRC each year.

Your deadline for paying any tax is nine months and one day following the end of your accounting period. Whereas you have twelve months following the year-end to submit the company tax return or CT600.

Profits shown within a set of limited company accounts are subject to a number of tax adjustments before finalising the liability. Our team is experts in this process and prepares your accounts with this in mind.

If corporate tax planning is required, our specialist advisers will assist to structure your corporate affairs with ultimate tax efficiency being the overall objective. This can be carried out in conjunction with your personal tax position to offer an overall service and cover all angles of the legislative minefield that is the tax world.

We also offer some specialist services in this area and can advise further on capital allowances, enhanced capital allowances, and research and development tax credit claims. Depending on your industry, these areas of tax can be very worthwhile exploring and many new clients are pleasantly surprised when we manage to unearth some previously unclaimed tax reliefs and allowances. The below case study offers just one example.

Case Study - Development Company (Research and Development Claim)

The client in question developed largely unused pieces of land into specialist energy generation plants. A large part of their work used to research and development to overcome issues with pioneering solutions previously unseen within the industry. A research and development claim followed which we compiled saving the company over 50% of its corporation tax bill in the first year of claiming.

Our tax team is also experts in the restructuring of corporate groups to offer tax efficienct solutions in this regard.

As a group of associated businesses develops the original share structure may not be suitable for the future. Whether it’s the addition of further trading companies to a growing group or the change of shareholding between various individuals, we can help.

The restructuring of a group can ensure a far more tax-efficient model going forward and safeguard individuals from unnecessary exposure should one of the businesses fail. At LJS we have considerable experience restructuring various corporate groups. Our specialists are more than happy to discuss this point further, please contact us today for a free consultation.


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