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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The impact of the employers’ national insurance hike on limited companies
How much will the April 2025 employers’ national insurance hike affect your company and what can you do to mitigate the tax increase?
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How to choose the right director’s salary for 2025/26
We explain how to work out the right salary level for limited company directors for 2025/26. Do you even have to pay directors a salary at all?
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What is the dividend allowance?
The ‘dividend allowance’ is a nil-rate tax band on the first £500 of dividend income. This allowance has reduced over time. How does it work in practice?
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Employment Allowance guide for company directors
The Employment Allowance could be worth up to £10,500 each year against your limited company’s Employers’ National Insurance bill.
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Limited company owners – how do HMRC tax codes work?
In this guide, we explain what tax codes are, why they might change, and what to do if you think your tax code is incorrect.
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How are limited companies and company directors taxed?
All companies pay tax on their profits. Directors also pay tax on dividends and other income they receive. We also explore VAT and National Insurance.
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What is National Insurance, and what are Class 1 NICs?
How Class 1 National Iinsurance Contributions are paid on director and employee salaries. Includes the current rates and thresholds.
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IR35 explained: does it affect your limited company?
IR35 has been a thorn in the side of limited companies who provide professional services since April 2000. What is IR35, and what are the Off Payroll rules?
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What is a dormant limited company?
Although most businesses registered with Companies House process income and expenditure, dormant companies are just standard companies that are inactive.
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Limited companies and the Flat Rate VAT scheme (FRS)
The Flat Rate VAT scheme (FRS) is designed to make it easier for small businesses to fulfil their value-added tax (VAT) obligations.
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The impact of Autumn Budget 2024 on limited companies
Here, we outline the main measures announced in the Autumn Budget, with a focus on changes that affect small limited companies in particular.
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How Capital Gains Tax works – how much you have to pay
Capital Gains Tax (CGT) is pretty easy to understand: it’s the tax you have to pay when you sell an asset that has grown in value. You will only pay CGT on any profit you made from the sale and not on the overall sum you received.