Limited Company Tax
How limited companies are taxed – including how to deal with Corporation Tax, VAT, National Insurance, PAYE (Income Tax) and running a payroll.
- Limited Company Tax List – the key taxes you will encounter in business.
- Corporation Tax – how it applies to limited company profits.
- National Insurance – how Class 1 NICs apply to salaries.
- PAYE / Payroll – How directors and employees are paid.
- Employment Allowance – valuable incentive if you have employees.
- Value Added Tax – should your company be registered? How VAT works.
- Dividends – What are they, and how are they taxed?
- Dividend Allowance – what does this £2,000 nil rate band mean?
- IR35 – one tax you need to avoid if you provide personal services.
The Intermediaries Legislation (IR35) has been a thorn in the side of limited companies who provide professional services since 2000. Here, we look at what IR35 is, and how to ensure that your company falls outside its scope.
As the well-known saying puts it, the only two certainties in life are death and taxes, which is definitely where inheritance tax (IHT) comes in. But what exactly is IHT, and is there anything you can do to mitigate the effects of this on an estate?
To encourage entrepreneurship in the UK, eligible individuals pay a lower 10% rate of Capital Gains Tax on the disposal of business assets, subject to a lifetime limit.
Since January 2013, if you (or your partner) earns £50,000 or more, your family is not eligible to receive the full state Child Benefit entitlement. Here we look at how this charge works, and why it creates a controversial anomaly in the tax system.
Introduced in 2015, the Marriage Allowance enables an individual to transfer a portion of their personal allowance to their spouse or civil partner. If you are eligible, you can claim £238 during the 2018/19 tax year.