News Company Tax In UK Is 20% - GoFuckYourself.com

Vendot · 08-04-2015, 08:42 AM

Is this the lowest rate in Europe?
When did this happen?

I thought it was 24%..... UK is looking very interesting for business right now.

pornmasta · 08-04-2015, 08:49 AM

it's lower in france, it is just that you have to pay much more taxes, so at the end it's more expensive....

John. · 08-04-2015, 08:54 AM

There are at least 3 other E.U. States with less than 20% rate.

Mobius Matt · 08-04-2015, 09:01 AM

Taxes, Income Tax, Tax Rates, Tax updates Business News, Economy

k0nr4d · 08-04-2015, 11:07 AM

Not even close to the lowest. Poland is flat 19%, Czech republic is flat 15%, Cyprus i think is 10%...

mineistaken · 08-04-2015, 05:18 PM

Definitely not the lowest. I would say in the middle or so. Average.
And I checked that it is 21%. 20% is for under 300k profits. Not that we are big ballers there, just saying that 20% is not for all companies.

But - Corporate tax is not the most important tax you should worry about.
If you have employees - taxes on them is the most important.
And if your business does not have to be specifically in certain country - salaries is even more important. So what if you have few percent lower corporate tax if you pay double or triple the salaries etc.

Profit comes afterwards. And when it comes you also consider income tax on dividents (note: income tax on dividents may be different than just income tax in said country).

So basically no experienced business owner care that much about corporate tax.
Except for holding type companies.

LouiseLloyd · 08-05-2015, 01:55 AM

UK Corporation tax is going down to 18%.

NatalieK · 08-05-2015, 02:11 AM

Quote:

Originally Posted by Vendot

Is this the lowest rate in Europe?
When did this happen?

I thought it was 24%..... UK is looking very interesting for business right now.

The UK's not lower & it still depends on your income & tax bracket

IRS Announces 2015 Tax Brackets, Standard Deduction Amounts And More - Forbes

LouiseLloyd · 08-05-2015, 02:25 AM

Quote:

Originally Posted by GspotProductions

The UK's not lower & it still depends on your income & tax bracket

IRS Announces 2015 Tax Brackets, Standard Deduction Amounts And More - Forbes

Corporation Tax for Companies not Income Tax.

NatalieK · 08-05-2015, 02:32 AM

Quote:

Originally Posted by LouiseLloyd

Corporation Tax for Companies not Income Tax.

OMG thanks... after moving abroad a year ago, we still haven't closed a business & haven't notified them of our move abroad! You've reminded us to get hold of companies house!

@ the thread, yes, just read it now, wow, 20% is very good

https://www.gov.uk/corporation-tax-rates/rates

NatalieK · 08-05-2015, 02:50 AM

Quote:

Originally Posted by GspotProductions

wow, 20% is very good

https://www.gov.uk/corporation-tax-rates/rates

seems as of 1st January 2015 in Spain, a new lower tax rate for newly-formed companies, which applies to the first two years in which it obtains a taxable profit the rate is 15%

Guide to company tax in Spain for 2015.

Vendot · 08-05-2015, 07:11 AM

Well I never said it was the lowest in Europe..... however, at 20% they're really closing the gap with their neighbor Ireland.

And if I take along all the other benefits of being in the UK particularly London, although I love (Manchester, Sheffield, Leeds just as much), it looks like quite an attractive option today right now.

Google Expert · 08-05-2015, 08:05 AM

Cyprus 10%

Barry-xlovecam · 08-05-2015, 08:40 AM

https://www.startups.ch/en/inform/fo...eurs/taxation/

08-04-2015, 08:42 AM	#1
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Company Tax In UK Is 20% Is this the lowest rate in Europe? When did this happen? I thought it was 24%..... UK is looking very interesting for business right now.

08-04-2015, 08:54 AM	#3
John. Confirmed User Industry Role: Join Date: Jul 2007 Location: Europe Posts: 2,264	There are at least 3 other E.U. States with less than 20% rate. __________________ Sig too old.

08-04-2015, 09:01 AM	#4
Mobius Matt Only here for the GIFS Industry Role: Join Date: Jun 2014 Location: Los Angeles, CA Posts: 378	Taxes, Income Tax, Tax Rates, Tax updates Business News, Economy __________________ http://mobiuspay.com "Infinite Payment Possibilites" [email protected] 310.773.3410 x 504 SKYPE:MDMUND

08-04-2015, 11:07 AM	#5
k0nr4d Confirmed User Industry Role: Join Date: Aug 2006 Location: Poland Posts: 9,228	Not even close to the lowest. Poland is flat 19%, Czech republic is flat 15%, Cyprus i think is 10%... __________________ Mechanical Bunny Media Mechbunny Tube Script \| Mechbunny Webcam Aggregator Script \| Custom Web Development

08-05-2015, 01:55 AM	#7
LouiseLloyd SO FUCKING SCAMMED Industry Role: Join Date: Mar 2010 Location: UK Posts: 1,396	UK Corporation tax is going down to 18%. __________________ Webcam Theme • Tube Theme • TikTok Theme

08-04-2015, 08:49 AM	#2
pornmasta Too lazy to set a custom title Join Date: Jun 2006 Posts: 19,084	it's lower in france, it is just that you have to pay much more taxes, so at the end it's more expensive....

08-04-2015, 05:18 PM	#6
mineistaken See signature :) Industry Role: Join Date: Apr 2007 Location: ICQ 363 097 773 Posts: 29,656	Definitely not the lowest. I would say in the middle or so. Average. And I checked that it is 21%. 20% is for under 300k profits. Not that we are big ballers there, just saying that 20% is not for all companies. But - Corporate tax is not the most important tax you should worry about. If you have employees - taxes on them is the most important. And if your business does not have to be specifically in certain country - salaries is even more important. So what if you have few percent lower corporate tax if you pay double or triple the salaries etc. Profit comes afterwards. And when it comes you also consider income tax on dividents (note: income tax on dividents may be different than just income tax in said country). So basically no experienced business owner care that much about corporate tax. Except for holding type companies.

08-05-2015, 07:11 AM	#12
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Well I never said it was the lowest in Europe..... however, at 20% they're really closing the gap with their neighbor Ireland. And if I take along all the other benefits of being in the UK particularly London, although I love (Manchester, Sheffield, Leeds just as much), it looks like quite an attractive option today right now.

08-05-2015, 08:05 AM	#13
Google Expert Webmaster Industry Role: Join Date: Jun 2004 Posts: 14,294	Cyprus 10%

08-05-2015, 08:40 AM	#14
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	https://www.startups.ch/en/inform/fo...eurs/taxation/