What types of tax savings can PHS Associates identify?

We find allowable expenses, capital allowances, R&D tax credits, and other incentives for to your business sector and financial situation.

Corporation Tax Planning Service

We handle corporation tax planning and compliance to help your business save money and avoid penalties. Our experienced tax accountants take care of everything from corporation tax returns to payment plans, making sure your tax responsibilities are met smoothly. We also provide payroll and auto-enrollment services to keep your operations running efficiently, allowing you to focus on growing your business with confidence.

With years of experience supporting startups, small businesses, and large companies, PHS Associates creates corporate tax strategies that fit your business needs. Whether you need assistance with complex tax rules or setting up a corporation tax payment plan, our team offers clear advice to help you save money and protect your financial future.

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We offer the best corporate Corporate Tax Planning & Tax Accountant Services in the UK. Increased tax efficiency, Potential to reduce your tax liabilities.

Corporate Tax Planning & Accounting in the UK

Corporate Tax Planning Made Easy with PHS Associates

We handle all aspects of corporation tax planning to help your business save money and avoid errors. Whether you’re a startup or a large company, our expert team provides accurate advice and support so you can focus on growing your business.Our Services:

Corporation tax returns preparation and filing
Corporation tax payment plans
Customised tax planning strategies
Payroll management and auto-enrollment services
Ongoing expert advice and compliance support

Why Choose Our Corporate Tax Planning

Expert guidance

Personalised advice from experienced professionals to ensure compliance and maximise tax benefits.

Customised strategies

Corporation tax planning to fit your business goals and boost savings.

Time-saving solutions

We handle all tax complexities, so you can focus on growing your business.

Proactive support

Stay updated with the latest tax laws and enjoy ongoing, reliable support.

How to Optimise Your Corporation Tax

To optimise your corporation tax, consider these key strategies:

Use customised corporation tax planning that fits your business needs.
Conduct expert analysis to identify savings and maximise allowable deductions.
Take advantage of incentives like capital allowances and R&D tax credits to reduce taxable profits.
Set up a corporation tax payment plan to improve cash flow management.
Ensure full compliance with HMRC regulations to avoid penalties.
Minimise your tax liabilities and keep more profits with guidance from PHS Associates’ experts.

Do I need to pay Corporation Tax?

If your business is a limited company in the UK, you are required to pay corporation tax on your profits, including trading income, investments, and capital gains. You must register for corporation tax with HMRC and file a company tax return each year, even if you make no profit. Allowable expenses, reliefs, and deductions can help reduce your corporation tax liability, and you may be able to arrange a corporation tax payment plan if needed. Sole traders and partnerships do not pay corporation tax; this tax is only for limited companies.

Corporation Tax Rates (2025-26)

Main Rate: 25% for profits over £250,000 (from April 1, 2025)
Small Profits Rate: 19% for companies with profits of £50,000 or less.
Marginal Relief: Applies to profits between £50,000 and £250,000, providing a gradual increase in the tax rate.
Patent Profits: 10% effective rate for profits from patent exploitation.

Need help understanding your corporation tax rate?
Book a free consultation with our experts today!

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Corporation tax filing deadline in the UK

The corporation tax filing deadline in the UK is 12 months after the end of your company’s accounting period. For example, if your accounting period ends on 31 December 2025, your company tax return must be filed by 31 December 2026. Filing late can result in penalties, so it’s important to stay organised and submit your return on time.

Remember, the deadline for paying your corporation tax is separate and falls 9 months and 1 day after your accounting period ends.

How to Calculate Corporation Tax?

Identify your company’s accounting period (usually one financial year).
Calculate your net profit by subtracting total expenses from total income.
Add back any non-deductible expenses, such as depreciation and client entertaining costs.
Subtract capital allowances and other allowable reliefs to determine your taxable profits.
Apply the correct corporation tax rate based on your profit level (19% for profits up to £50,000, 25% for profits over £250,000, with marginal relief in between).
Calculate your corporation tax liability by multiplying taxable profits by the applicable rate.
File your corporation tax return and pay the tax within HMRC deadlines to stay compliant.

Frequently asked questions

The Corporate Planning Initiative helps businesses manage tax efficiently through strategic planning, ensuring compliance while minimising liabilities within UK tax laws and regulations.

To legally reduce your 25% corporation tax, consider claiming allowable expenses, using reliefs like R&D tax credits, investing in capital allowances, and consulting a tax advisor.

You can claim allowable business expenses like office costs, salaries, rent, utilities, travel, and professional fees to reduce taxable profits. Capital allowances apply to assets like equipment and vehicles. Reliefs such as R&D tax credits and patent box also lower your corporation tax. Personal and entertainment expenses are not deductible.

Corporate tax advisors help businesses comply with tax laws, prepare and file tax returns, develop strategies to reduce tax liabilities, and provide guidance on complex tax issues.

Yes, paying into a pension scheme is a tax-efficient way to reduce your corporation tax, as pension contributions are usually deductible business expenses.

Limited companies in the UK that pay corporation tax on profits, investments, and capital gains benefit from expert tax planning to reduce liabilities.

PHS Associates provides personalised strategies, ensuring compliance, identifying savings opportunities, and keeping you updated on tax law changes to optimise your tax position.

We find allowable expenses, capital allowances, R&D tax credits, and other incentives for your business sector and financial situation.

Regular reviews, at least annually or when business circumstances change, ensure your tax strategy remains effective and compliant with current legislation.

Contact PHS Associates for a consultation where they assess your business and develop a customised tax planning strategy aligned with your goals.

PHS Associates Acc & Co is led by a skilled team with expertise in Accounting, Taxation, Payroll, Business consultancy, and Company secretarial services.

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Corporation Tax Planning Service

Corporate Tax Planning Made Easy with PHS Associates