I am a director of a one person Ltd consultancy with minimal expenses, mostly from travel. My company had revenue of around £40,000 in the year ending July 2018 but the jobs are getting few and far in between and it makes no sense to draw the whole amount as salary in the same period, since there might not even be any income next year. Instead, I will pay myself around £18,000 under PAYE for the company's accounting period ending July 2018. After that, I would like to pay myself the remaining amount again as salary, but in the next company tax year (also £18K, or whatever remains in the company at that point).
QUESTION: Is there a way for director to book his expected next-year salary as company expense in 2018 for the purposes of CT600? Or is the proper procedure to show the company profit in 2018, pay tax on it, but next year declare a loss (as the company will likely have no income but will have salary expense), and carry back this loss against 2018 profit, getting a HMRC company tax refund? The latter seems like a lot of complication and paperwork for what essentially becomes a "wash" transaction.
Thank you for the advice!