Corporation Tax
A compliant return and an optimised one can look identical from the outside. The difference is in what your accountant knows about your sector.
Creative limited companies have access to reliefs that generic accountants rarely engage with in depth:
- R&D tax credits for companies developing new tools or processes;
- Audio-Visual Expenditure Credit (AVEC) for film and high-end TV;
- Video Games Expenditure Credit (VGEC) for qualifying games development;
- EIS/SEIS for companies raising investment.
Frequently Asked Questions about Corporation Tax
19% on profits up to £50,000, 25% above £250,000, with marginal relief tapering between the two. If you have associated companies, the thresholds are divided between them. WallsMan Creative reviews each company's position and plans profit extraction accordingly.
Nine months and one day after the end of your accounting period – not a fixed date. HMRC charges interest from day one of a late payment, with no grace period.
The optimal split shifts with your profit level, other income, and pension contributions. WallsMan Creative calculates the most efficient structure for each director annually.
Yes. SEIS offers investors up to 50% income tax relief; EIS offers 30%. WallsMan Creative handles advance assurance applications, prepares the supporting documentation, and advises on structuring to ensure shares qualify.