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Pay less tax legally

5 resources available

Business rates relief
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Types of business rates relief: Small business rate relief, Retail/hospitality/leisure relief, Rural rate relief, Charitable rate relief, Empty property relief, Improvement relief, Transitional relief, Supporting small business relief, Hardship relief, Enterprise zones, Freeports relief, Heat networks relief, Exempt properties.
Corporation Tax Reliefs
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Small Profits Rate: 19% for profits under £50,000; Marginal Relief: For profits between £50,000 and £250,000; Main Rate: 25% for profits above £250,000; Note: These rates remain stable for this Parliament started 2024
Employment Allowance
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Relief: Up to £10,500 off Employer National Insurance Contributions (NICs); Eligibility: All businesses and charities (except single-director companies with no other employees); Claim process: Via payroll software; Update: Threshold removed, allowing larger employers to qualify
Research and Development tax relief for SMEs
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Corporation Tax relief you can claim for research and development costs.
Retail, Hospitality and Leisure Business Rates Relief
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Relief: 40% discount on business rates; Cap: £110,000 per business; Eligibility: Occupied properties used for retail, hospitality, or leisure (e.g. shops, cafés, pubs, hotels); Claim process: Automatically applied by local councils; Note: Reduced from 75% in 2024
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Pay less tax legally