Out of pocket expenses timing

[Scruff]

I almost resisted, but here it goes.

It's better to claim your expenses in the current tax year, since this reduces the taxable income of your company, therefore Corporation Tax. This is particularly prudent if you have incurred the expenses personally, and are going to be reimbursed for them.

A tax deferred, is a tax saved.

[Rafd]

Still new to this so may have the wrong end of the stick but isn't the company tax year usually different to the personal tax year? i.e. in my case all of these expenses will be in the same company tax year regardless of if I claim them now or after April 6th

[northernladuk]

Have you read the newbie links. Not understanding personal and company tax years is pretty fundamental. They are to the right -->

[Rafd]

I thought I did have a basic understanding of this - and that was my basis for questioning Scruff

[WordIsBond]

Still new to this so may have the wrong end of the stick but isn't the company tax year usually different to the personal tax year? i.e. in my case all of these expenses will be in the same company tax year regardless of if I claim them now or after April 6th

You are right, if your company year is different the corporation tax ramifications of taking expenses on April 6th rather than April 5th are nil.

The question that matters is when the expenses are determined to have accrued.