I set up a company around this time last year;
I never expected to be profitable so I never paid myself a salary (or even registered for PAYE).
But I suddenly realised in the tax year that ended in October, I actually made a 8k pre-tax profit.
Is it too late to pay myself a salary/bonus etc to reduce corporation tax liability?
I have no made no other income last year so have the full personal allowance to utilise.
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