logo

Give us a call 0800 077 6410

mobCall

Request a Call Back

Keeping you
informed
Flowering-Tree

Possible New 'Look Through' Entity Will Change Small Company Taxation

The Chancellor announced in his Budget Speech that the Government is considering further major changes to small company taxation following a review by the Office of Tax Simplification (OTS).

As in many small companies the directors are also shareholders the OTS believe that it would simplify matters if the shareholders of such companies were to be taxed on their share of profits made by the company in proportion to their shareholdings. In other words the shareholders would be subject to income tax in a similar way to members of a partnership or LLP and there would be no corporation tax paid by the company. This is of course likely to result in more tax payable than under the current rules. We would stress that these are only proposals and we will monitor further discussions on this possible future change and keep you updated as this has major implications for our clients.

Our Awards

awards3

Popular Links

Our Services
Our People
Our News & Events
Our Firm

IR Member Firm

Follow Us

twitterlinkedinyoutubefacebook icongoogle business

Make an Enquiry

Call

Privacy & Cookie Policy  | Site Map

Copyright 2017 Inspire | Powered By Intergage | www.intergage.co.uk