We are pleased to announce the launch of our new guide, “A Comprehensive Guide to Profit Extraction from Your Company in the United Kingdom”. It is written by Eugenia Pagán, a UK corporate and tax specialist dual-qualified as a Solicitor of England and Wales and as a Spanish abogada, and by Antonio Arenas, Managing Partner of Scornik Gerstein LLP. Antonio has over 20 years’ experience and is qualified in both Spain and England and Wales.
The guide explains in clear, practical terms the main ways owner-managed businesses can extract value from a UK company. It sets out the tax and company law implications of each extraction route, using the rates and thresholds for the 2026/27 tax year, so that directors and shareholders can make informed decisions as part of a wider remuneration strategy.
What the guide covers:
i. Taking a salary: Corporation Tax relief, National Insurance considerations, State Pension entitlement and how much salary a director should take.
ii. Dividends: how they work, when they can be paid, how they are taxed and the common mistakes to avoid.
iii. Pension contributions: an often-overlooked route that can reduce Corporation Tax and build long-term personal wealth at the same time.
iv. Director's loan accounts: how they work, and the tax charges and HMRC scrutiny that can arise if they are managed carelessly.
v. Bonuses: how they are taxed, the Corporation Tax relief available to the company and the timing rules.
vi. Benefits in kind: which benefits are exempt and which create Income Tax, National Insurance and reporting obligations.
vii. Planning a future business disposal: how today's profit extraction decisions can affect the net proceeds of a future sale, family transfer, management buy-out or retirement.
The guide is especially useful for business owners and international entrepreneurs operating between the UK and Spain, who face the added complexity of cross-border structures.
Download the guide here: Profit extraction from your company in the United Kingdom.
For advice that takes full account of your personal and corporate circumstances, please contact our team:
📞 +44 20 7831 7070 | +44 7540 667073 | +34 91 961 85 30
✉️ london@scornik.com | eugenia.pagan@scornik.com