Corporation tax

Finally – corporation tax return finally done for 05/06. Okay, so I’m only 2 months shy of having to do the 06/07 return, but there you go. Many thanks have to go out to Robert Turner and the people at Benson, Wood & Co of Airdrie, who did most of the work. Amount of tax owed: none! It would have been a few hundred pounds due to the fact that the Treasury changed the rules last April to eliminate the lower tax bracket that allowed companies to turn a profit of up to 10,000 UKP without having to pay tax . I guess that’ll teach me for actually running a games company that turns a profit eh? There was me thinking that all the other businesses in the industry losing money hand over fist were doing the wrong thing. 😉

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Last modified: May 28 2017.