Company Tax Planning Handbook

May 2016 Edition - Updated For April 2016 and Proposed 2017 Changes

The highest rate of personal income tax for 2016/2017 is 45%. However the rate of tax a company pays is 20% (from April 2015 and reducing to 17% from April 2020). This provides a significant incentive for many people to use a UK company for trading or investment purposes.

However, company owners need to consider both the company tax position as well as their own individual tax position. This book looks at a number of tax planning issues for company owners and considers both corporate and personal tax planning opportunities available. It is updated for the latest changes for 2016/2017 and includes numerous new sections.

Subjects covered include:

• How Much Salary To Pay In 2016/2017 To Minimise Tax?
• Should You Be Using A UK Company?
• All about the new dividend rules from April 2016
• Reducing tax on dividends after April 2016
• Ways To Reduce Corporation Tax
• Financing a new company tax efficiently
• Tax restrictions on interest deductions for UK companies
• Budget 2016 tax changes for companies
• Using a Directors Loan Account to Reduce Tax
• New Proposals For Disclosure Of Beneficial Owners
• New Capital Allowance Rules
• Qualifying For inheritance Tax Relief When Your Company Has Large Cash Balances
• Watch out for The new anti avoidance rule on the transfer of corporate profits
• The Patent Box and The 10% Rate of Corporation Tax
• When non resident companies are within the UK corporation tax regime
• Trading in the UK with a UK company or LLP
• Liquidating companies in 2016
• New rules that tax distributions on liquidation as income from April 2016
• Maximising Tax Relief On The Purchase Of Business Premises
• Transferring Property Assets Out Of A Company
• Making Your Company Investor Ready For EIS Relief
• The Seed EIS Scheme
• Splitting A Company's Activities To Reduce Tax
• Using A Holding Company
• Should You Rent Property To Your Company?
• Tax Planning For Your UK Company If You Leave The UK
• Transferring A UK Company Overseas
• Using A UK Company In Offshore Tax Planning
• Setting Up An Offshore Subsidiary Of Your UK Company To Reduce Tax
• Structuring Your Business Prior To A Disposal
• Qualifying For Entrepreneurs Relief If Your Company Has Large Cash Balances