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- Reducing your limited companys corporation tax bill doesnt always need to involve complex or convoluted tax planning. There are some simple but yet effective things that you could be doing to ensure your business isnt paying more than its fair share of corporation tax here in the UK. In this video, we will cover what exactly is corporation tax, keeping detailed records, paying a directors salary, investing in your business, pension contributions, and finally claiming legitimate expenses. Before I get into todays video, be sure to hit that subscribe button as well as the notification bell, to make sure youre kept up to date with all of our latest content. This really helps us to produce more helpful videos, and to get you real quality advice from real qualified accountants. (soft music) Corporation tax is a tax on a companys profits. So how much corporation tax your company pays, depends entirely on how much profit the company makes. The rate of corporation tax in the UK for t