Company Taxation

From April 2023, a Corporation Tax rate of 19% applies to profits up to £50,000. If profits exceed this amount, they will be subject to Corporation Tax of 25%. However, marginal relief (fraction of 3/200ths) will apply on profits up to £250,000. This means an effective corporation tax rate of 26.5% on profits between £50,000...

The Profit Options calculator provides an indication of the net benefit should a Company have available profits that are; Distributed as Salary or Dividends and invested in a combination of ISA and/or either a Collective or Onshore Bond or Offshore Bond, or Contributed to a Pension plan, or Retained in the company which are then...

The Employ Spouse calculator provides a quick and simple indication demonstrating the tax advantages of the spouse being employed to provide at least the same level of total net spendable income, whilst generating a pension contribution at effectively no cost. There is the option to show the impact of the Employment Allowance. For a more detailed solution, which allows...

The Salary vs Dividends calculator provides a quick and simple indication demonstrating the tax advantages of increasing a client’s Net Spendable Income (NSI) by extracting profits as dividend payments as opposed to salary. It also shows a further alternative option of providing the same NSI as the salary-only option, by taking a small salary with dividends and the balance profits...

The Incorporate calculator provides an indication of the tax advantages, if any, of a self-employed business incorporating and extracting profits as a small salary together with dividends to provide the same Net Spendable Income together with an additional amount paid into a pension arrangement.