Press Release Forum [pressreleaseforum.com] Forum Index

Press Release Forum [pressreleaseforum.com]
Free Press Release Distribution

A site of EPR Network

 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Real Time Press Release Distribution is here. Try it out, it's free!

 

Reducing Corporation Tax and Obtaining Credits

 
Post new topic   Reply to topic    Press Release Forum [pressreleaseforum.com] Forum Index -> Accounting Press Releases
View previous topic :: View next topic  
Author Message
karthik



Joined: 07 Apr 2008
Posts: 2877

PostPosted: Mon May 17, 2010 11:18 pm    Post subject: Reducing Corporation Tax and Obtaining Credits Reply with quote

There are many ways to reduce corporation tax and even obtain credits Cost reduction is a holy grail for all businesses, particularly in recessionary times. So if your company pays corporation tax, are you sure you’re reducing that bill to the minimum?

Devon, England, May 18, 2010 -- And if your company has made, or is making, a loss, did you know you could be entitled to cash back from HM Revenue & Customs (HMRC) in the form of corporation tax credits?

A number of valuable relief and credit schemes are available but many businesses remain unaware either of their existence or of the full potential benefits.

These schemes include:

• Annual investment allowance (AIA)
• Loss relief
• Green technology relief
• Zero emissions goods vehicles allowance
• Research and development (R&D) allowance
• Land remediation allowance

For loss making companies, corporation tax credits provide an immediate cash alternative to the creation of losses from the reliefs mentioned above for R&D, land remediation and green technology.

A credit is obtained by surrendering the losses that relate to the particular expenditure. Your company receives a cash tax repayment of up to 24.5% of the expenditure incurred, depending on factors such as the type of expenditure and extent of losses.

There are numerous opportunities to reduce your corporation tax bill. As with any activity relating to tax and tax planning, it is vital to use the best professional advice you can find and consult your advisor before making any business decisions so that you make the most of the opportunities available.

For further details, contact Francis Clark; a leading firm of Devon Accountants.

Contact:
Francis Clark
Francis Clark LLP
Sigma House
Oak View Close, Edginswell Park
Torquay, Devon TQ2 7FF
+00 44 1803 400000
press@liquid-pr.com
http://www.francisclark.co.uk
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Press Release Forum [pressreleaseforum.com] Forum Index -> Accounting Press Releases All times are GMT - 4 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Submit Press Release (Free)Submit Press Release