Corporation tax | Cooper Dawn Jerrom Limited

Corporation tax

This calculator uses the 2020/21 corporation tax rates to work out your liability. This may not be an accurate reflection of your corporation tax liability, please contact us to discuss further.

Company details

Net trading profit for the year (£): *

The net trading profit was after charging depreciation of (£): *

Capital assets (excluding cars) purchased in the year (£): *

e.g. Plant and machinery. Not property, goodwill etc.

Corporation tax is normally payable 9 months and 1 day after the end of your financial year.

Depreciation is one of those items in your profit and loss account that is not an allowable cost for corporation tax purposes.

Tax relief is available for certain capital expenditure. This calculator only allows for capital expenditure incurred during the year you are looking at. There is a £1m annual investment allowance for plant and machinery. Contact us to discuss tax relief on capital expenditure.

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G S Phillips – Hertfordshire

"Having had an aversion to Accountants, it was so refreshing meeting Shama at CDJ. Dealing with her is a pleasure – she is quick to respond to any issues & has even made my end-of-year accounts nightmare turn into a dream."

K Fenton – London

"CDJ have an experienced and knowledgeable pool of talent and resources at their disposal. I would recommend both their private and business client services to anyone looking for a personal service in the minefield of tax management."

SyMec Limited - Norwood Green

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SyMec Limited - Norwood Green