Indivual pays for setting up a limited company. Can these costs be reimbursed from the company once it has been set up?
(sorry if it sounds a simple question but I can't see an answer in any textbook that I've referred to for such costs!
thanks in advance
Jen
Replies (3)
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Not tax dedectible.
While they can be reimbursed company registration costs are not tax deductible by the company so have to be added back in the Corporation Tax computation.
Cost of setting up a new company
The expenses incurred in connection with setting up a new company are called pre-incorporation expenses.These expenses may be reimbursed after the company has been set up and operations commenced.
comapny registration costs
Company registration costs - is it Comapnies House fee of £15? Or, if I pay sombody for helping me with the company formation - shall I treat it as company registration costs as well?