Dormant limited companies in the UK: tax implications & rules
If you’re currently running a UK based limited company, there might be times when you consider stopping trading for a period, but you don’t want to close your company completely. Regardless of whether you’re taking a break, planning your next professional move, or restructuring, making your company dormant can [...]
How Associated Companies Impact Corporation Tax for Your Trading Company
When running multiple trading companies, it’s important that you understand the concept of ‘associated companies’. HMRC uses the rules set out for associated companies to determine the small profits rate of Corporation Tax, so this ultimately means that the [...]