All companies, partnerships and sole traders incorporated in the UK (and those overseas with a taxable presence on these shores) are subject to business tax.

The headline rates of corporation tax have decreased over the last few years, with the latest reduction (20% to 19%) effective from 1st April 2017. In addition to this, a further reduction to 17% will come into force from 1 April 2020.

Under the UK tax system, a company’s profit before tax in its statutory accounts is subject to various adjustments, which are then taxed at a relevant rate.

UNW’s tax team will proactively guide clients through this legislation to minimise their corporation tax bills, in accordance with the relevant legislation. Please click here for more information regarding our tax services.

@UNWLLP @NorthEastFund @Mercia_Fund The @UNWLLP teams advice was invaluable! Thanks again for all of your hard work and support! Retweeted by UNW LLP

We're delighted to have supported @trenchnet on this £300,000 investment. It's been a pleasure working with the team over recent months, gaining an understanding of their aspirations and advising on how best to fund their ambitious growth plans. insidermedia.com/insider/northe… pic.twitter.com/Re8zqylN2y

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