My Ltd company accounting reference period is 01/01/2017 – 31/12/2017. As a Director and employee I paid myself £8k (below NI threshold) through payroll as well as dividends. During this period, I also accrued £9k to pay into a Pensions Scheme.
The amount was never paid into a pension scheme just accrued up to 31/12/2017. My understanding is that as the cash was never paid I am now unable to use this for Corporation Tax relief in 2017 ?.
Am I able to change the accrual to a salary accrual and pay myself within 9 Months for the 01/01/2018-31/12/2018 period as well as retain the corporation tax relief in 2017. If so does this put me on the hook for NI for 2017 as I have already received £8k in salary for this period.
Any other legitimate options I could use to utilize the Tax relief on the £9k for 2017 ?.
It was over 10 years ago since I gained my ACCA so somewhat out of touch any advise would be greatly appreciated.