Limited Company Tax
How limited companies are taxed – including how to deal with Corporation Tax, VAT, Class 1 National Insurance, CGT, PAYE (Income Tax) and how to run your payroll.
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Limited company dividend tax calculator (23-24)
Use this dividend tax calculator to work out how much tax you will incur on any combination of salary and dividends during 2023-24.
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The most tax-efficient director’s salary for 2023/24
In this guide, we explain how to work out the most tax-efficient salary level for limited company directors for 2023/24. Do you even have to pay directors a salary at all?
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Limited Company Corporation Tax Calculator (23-24)
Use this dividend tax calculator to work out how much tax you will incur on any combination of salary and dividends during 2023-24.
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How much limited company tax do I have to pay?
All companies are taxed on their profits. Directors and shareholders also pay tax on dividends and other income they receive. We also explore VAT and National Insurance.
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What is the dividend allowance?
In April 2016, a new ‘dividend allowance’ was created – a nil-rate tax band on the first £5,000 of dividend income. This allowance threshold was short-lived, however, and was cut to £2,000 from April 2018.
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A guide to the Employment Allowance for company owners
The Employment Allowance could be worth up to £5,000 each year (after April 2022) against your limited company’s Employers’ National Insurance bill.
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What is Corporation Tax, and how do you account for it?
Corporation tax is charged on the profits of all UK-based companies, such as limited companies and foreign companies with offices or branches in Britain.
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What is the Marriage Allowance and how do you claim it?
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 £252 during the 2022/23 tax year.
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What is a dividend waiver? Guide for limited company owners
What happens when a limited company shareholder waives the right to receive a dividend payment? How does HMRC regard the use of dividend waivers?
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What is National Insurance, and what are Class 1 NICs?
How Class 1 National Insurance is applied to the salaries of limited company directors and employees, including the current rates for employers and employees.
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Work out the cost of the April 2023 Corporation Tax rise
What does the April 2023 Corporation Tax rise mean for small companies? Work out the tax cost for your company.
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How are limited company dividends taxed?
Limited companies may decide to distribute their retained profits to shareholders. It is a popular method of drawing down funds by directors. Here, we look at how dividends are taxed, and how to ensure that you declare dividends correctly.