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Corporation tax, NIC & duty

Set corporation tax, employer NIC and excise duty in bluprnts so the forecast charges the tax your business owes and pays it when it's really due.

bluprnts models the taxes your business owes — corporation tax on profit, employer payroll tax on salaries, and excise duty on dutiable sales. You set the rates and schedules in the Tax section of your company options.

Open the Tax settings#

In the left sidebar, select your company name at the bottom to open Company options, then choose Tax. Changes save automatically.

The Tax section of Company options in bluprnts for Perch Coffee, showing Corporation tax, VAT, Excise duty and Payroll bands with their rates, schedules and gate toggles.The Tax section of Company options in bluprnts for Perch Coffee, showing Corporation tax, VAT, Excise duty and Payroll bands with their rates, schedules and gate toggles.

Corporation tax#

  • Corporation tax rate — the rate applied to taxable profit. It's modelled as a charge in the P&L and a payment in the cashflow.
  • Months until corporation tax is paid — how long after each year end the tax leaves the bank. Until it's paid, the charge sits on the balance sheet as a liability. UK companies are due 9 months and 1 day after the year end.
  • Carry losses forward — relieve a loss-making year against the profits of later years, so tax is only charged once the company is cumulatively in profit. With it off, each year is taxed on its own and a loss is simply never taxed.
  • Losses brought forward (shown when carry-forward is on) — unrelieved tax losses from before the forecast. Profit has to clear these before any corporation tax is charged.

Employer payroll tax (NIC)#

  • Employer payroll tax applies — turn off only where you employ people in a country with no employer payroll charge.
  • Employer NI rate — National Insurance the employer pays on top of salaries. It feeds the true, fully loaded cost of every hire — see Add or edit an employee.

Excise duty#

  • Registered for excise duty — turn off if the business sells nothing dutiable. With it off, duty is left out even for sales that have duty switched on.
  • First excise duty payment month and frequency — when duty is returned and paid, which fixes where the return periods break. It only reaches sales with duty switched on — see Add or edit a sale.