Does a Private Investment Company attract corporation tax if it's only income is the dividend payment from a trading company it is a 50% shareholder of.
Client paid Corp tax for correct amount on 26 June to HMRC although it isn't due until 1st November.
Saatchi & Saatchi founder Lord Saatchi has called on the government to offer major tax cuts to the UK’s small firms.
A Ltd is a full subsidiary of B Ltd.
A is taken into administration and liquidated resulting in capital losses. B wishes to utilise these losses via group relief.
Just had a client ask me if I can move some of the 2012/13 income to 2013/14 financial year to reduce their tax bill for 2012/13 as they are expecting a loss in 2013/14.
The First Tier Tax Tribunal recently heard the case of Ghelanis Superstore and Cash and Carry Ltd v HMRC (TC03251).