Surely I have got this wrong but doing some calculations I have realised that if I claim less expenses this does increase my corporation tax but this means I have more money in my business account thus more profit thus more money available for dividends.
Yes if I withdraw more dividends I'm subject to more tax for self assessment but it still works out I have more money net (take home) if I reduce my expense amount?
Surely I have this wrong as I've always been advised that the more valid expenses claim the better it is for me. Or is this purely for corporation tax and not dividends?
Corporation Tax is 20% of company profit right? (gross invoices - expenses)
Yes if I withdraw more dividends I'm subject to more tax for self assessment but it still works out I have more money net (take home) if I reduce my expense amount?
Surely I have this wrong as I've always been advised that the more valid expenses claim the better it is for me. Or is this purely for corporation tax and not dividends?
Corporation Tax is 20% of company profit right? (gross invoices - expenses)
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