Hello
Is it possible to claim for the current fiscal year expense for the next year that haven't been paid yet?
For example, if I know my LTD will pay £40k in pension and £500 in phone cost this fiscal year and the same next year
Could I deduct it from profit on the year 2020? So I total expense of £81k?
So if my profit is £100k, could I deduct £81k to include expense and not pay corporation tax on it?
It sounds better than paying it now then claim corporation tax back later.
Is it possible to claim for the current fiscal year expense for the next year that haven't been paid yet?
For example, if I know my LTD will pay £40k in pension and £500 in phone cost this fiscal year and the same next year
Could I deduct it from profit on the year 2020? So I total expense of £81k?
So if my profit is £100k, could I deduct £81k to include expense and not pay corporation tax on it?
It sounds better than paying it now then claim corporation tax back later.
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