Corporation Tax – Incorporate now

One of the main changes announced in the 2011 Budget was that the Corporation Tax main rate will be reduced not to 27% from 1st April 2011, but to 26%. The Corporation Tax main rate will also reduce by 1% annually until 2014/2015 when the main rate reaches 23%. From 1st April the Corporation Tax for smaller companies falls to 20%.

This will increase the amount of profits available to pay out to business owners, or reinvest, after paying the lower Corporation Tax bill.

If you have been considering whether or not to incorporate your business now may be the time to do so due to the new reduced Corporation Tax rates.

Contact us at Meades & Company for further information about this process...