I need to pay corporation tax of 30,000 pound is there any way of reducing it?
Based upon the current rate of Corporation Tax of 19% this would mean that your profits are in the region of just under £160k.
I assume that your accounts have been prepared and all costs have been claimed with no losses being available to offset. If that’s the case then there is no legal way to reduce the corporation tax.
Advice given is for illustration purposes only and should not be relied upon for your tax planning or tax affairs. We recommend that you seek the advice of a suitably qualified accountant before making any tax planning decisions.