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.
Almost every consumer in Britain pays it, and it’s a staple talking point during the Chancellor’s annual budget. But what exactly is VAT and do you need to register your limited company for it?
The Flat Rate VAT scheme (FRS) is designed to make it easier for small businesses to fulfil their value-added tax (VAT) obligations.
How Class 1 National Insurance is applied to the salaries of limited company directors and employees, including the current rates for employers and employees.
The Self Assessment system is in place to collect income tax from individuals who have earnings which can’t be taxed in this way – such as the self-employed and company directors.