I run a limited company that has a lump sum of money generated in this current tax year, I would like to pay some contractors (who I trust) that work for me upfront so whatever is left of this lump sum isn't with me when the new tax year starts and I would have to pay corporation tax on it, and these contractors would be with me until the end of the project. There would be contracts in place and the work is all recorded.
Does anyone have experience using this method and how HMRC react to it?
Does anyone have experience using this method and how HMRC react to it?