Company Tax Planning Handbook: 2021/2022

September 2021 Edition
The highest rate of personal income tax is 45% for 2021/2022. It's been proposed that the current 19% rate of corporation tax will continue until April 2023 when it will be increased to 25%,. Companies with profits of £50,000 or less will continue to pay at 19% even after 1 April 2023. Those with profits between £50,000 and £250,000 will pay tax at the main 25% rate reduced by a marginal relief providing a gradual increase in the effective corporation tax rate.

However, company owners need to consider both the company tax position as well as their own individual tax position. This book looks at a number of tax planning issues for company owners and considers both corporate and personal tax planning opportunities available. It is updated for the latest changes for 2021/2022 and includes numerous new sections.