Corporation Tax

[Rebus 2008]

Can anyone advise on how companies can legally minimise their corporation tax liabilities?
I believe there are various routes open via director/employee pensions etc.
Aside from this, are there any other avenues open with regard to capital expenditure, R&D etc etc?

 

[Purple]

That's way too complex a question to get a meaningful answer to on a website (especially without lots of details about your business).

Talk to your accountant.

 

[Rebus 2008]

Any general/non specific insights?
If you don't know/don't care/don't feel its appropriate/don't approve, then don't post. Not a problem, but its a discussion board.
Sure we could copy "Talk to your accountant to most threads".

 

[Graham_07]

Any general/non specific insights?
If you don't know/don't care/don't feel its appropriate/don't approve, then don't post. Not a problem, but its a discussion board.
Sure we could copy "Talk to your accountant to most threads".

As a discussion board people are entitled to post even if you do not necessarily like their reply. It may also help to read the posting guidelines.

You have, whether you think so or not, posed too general a question for a reasonably short answer. You will find most of the general information on the areas you mentioned ( Capital Exp, etc.) very clearly laid out on Revenue's website and from previous threads on AAM and other sites. ( the search function here is a much underutilised function ) If, after doing a bit of research there you want guidance on some particular area or areas that you feel might be relevant to your business then I'm sure someone here will be able to help.

 

[Purple]

Any general/non specific insights?
If you don't know/don't care/don't feel its appropriate/don't approve, then don't post. Not a problem, but its a discussion board.
Sure we could copy "Talk to your accountant to most threads".

Right so, here’s a few question for you;
Are you a trading or holding company?
Do you manufacture or sell services?
How many directors are there?
What pension structures do you have?
Are you in receipt of any grants (enterprise board, EI etc)
Are there any outstanding directors loans?
Does the company own or rent your premises?
If you rent do you or another director own the premises?
Do you employ family members?
Are you located in the BMW region?
Are you classified as an Enterprise Ireland HPSU?
Do you currently engage in non-grant supported R&D?
Do you export?

 

[Rebus 2008]

Are you a trading or holding company? Trading

Do you manufacture or sell services? Sell

How many directors are there? 3

What pension structures do you have? Directors and employee

Are you in receipt of any grants (enterprise board, EI etc) no

Are there any outstanding directors loans? Only from calendar year

Does the company own or rent your premises? Rent

If you rent do you or another director own the premises? yes some of them

Do you employ family members? Yes

Are you located in the BMW region? No

Are you classified as an Enterprise Ireland HPSU? No

Do you currently engage in non-grant supported R&D? No

Do you export?
No

See above - Whats the next step?
I'm aware that pensions can be used to reduce the liability of corp tax and this is most common approach.
What would be next?
PS I appreciate time taken for any replies (and those submitted so far)