Paying Corporate tax on FRS VAT - Contractor UK Bulletin Board

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aa2006 replied

7 November 2006, 09:45
Thanks, thought it would be
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Pondlife replied

7 November 2006, 09:41
Yes, CT is due on it.

HTH
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aa2006 started a topic Paying Corporate tax on FRS VAT

7 November 2006, 09:36
Paying Corporate tax on FRS VAT

I have a question regarding whether corporate tax needs to be paid on any VAT I get to keep as part of the FRS. For example my VAT is 834.74, but with the FRS I am only expected to pay C&E 672.56 leaving a profit of 162.18, should I deduct 19% for corporate tax. Or does the whole amount count towards dividends

Thanks in advance
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