Corporate Tax Services

Greenwave Accountants deals with both Isle of Man and UK company tax.

We will guarantee:
• Relevant advice from an experienced Chartered Accountant
• To ensure you fully understand the advice and any implications

What we do:
• Preparation and submission of company tax return with supporting schedules and calculations
• Identification of tax savings and tax solutions for your business
• Provide tax advice on all areas of company tax including the most efficient structure for your business
• Manage your tax through the tax efficient withdrawal of money from your business
• Ensure losses brought forward and other reliefs are deducted

We also provide assistance:
• To businesses trading in both the Isle of Man and the UK tax jurisdictions to manage their tax affairs
• With the tax implications of sales, mergers and acquisitions
• With employer National Insurance Contributions (we also offer payroll services)
• In resolving historic tax problems, and completing and finalising outstanding tax return
• With different types of trading within a single company, and the associated separate tax treatment

Fast Facts:

• The Isle of Man company tax return and payment deadline is one year and one day after the end of the accounting period
• For a UK company with taxable profits of up to £1.5 million, the Corporation Tax must be paid by nine months and one day after the end of the accounting period
• For a UK company with taxable profits above £1.5 million, the Corporation Tax must be paid in instalments
• Unincorporated business accounts are included with the proprietor’s personal tax return in both the Isle of Man and UK
• In the Isle of Man, companies are taxed at 0% or 10% income tax depending which sector they are in
• In the UK, companies pay corporation tax on the taxable profits
• National Insurance Contributions must be paid by employers in addition to employees