Limited Company Tax Calculator(2024/25) April 2023 Corporation Tax Increase Calculator The main rate of CT rose from 19% to 25% from April 1st 2023. If your annual profits are £50,000 or higher, your CT bill is higher than under the old system. Work out how much extra CT your lim...
When you set up a limited company, your personal and business finances are kept entirely separate (unlike the sole trader route). Unlike life as a salaried employee, you are now responsible for overseeing your obligations, by registering to pay tax on your company income, and ensuring that an...
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2. Tax Efficient One of the major limited company advantages over sole traders is tax efficiency. It's perhaps the main reason why people go through the process of setting up a limited company (or switching their structure from sole trader to limited company). Limited companies pay Corp...