Running a limited company in the UK means juggling Corporation Tax, National Insurance Contributions (NICs), and possibly VAT if your turnover exceeds £90,000. Sound daunting? It doesn’t have to be. With ToolHubX’s free Limited Company Tax Calculator, you can estimate your taxes in five minutes—here’s how.
First, gather your company’s annual turnover—say, £50,000. Subtract allowable expenses like office costs (£5,000). Set a director’s salary—£12,570 aligns with the 2025/26 Personal Allowance for tax efficiency. Then, decide on dividends, maybe £10,000 from profits. Plug these into the calculator: £50,000 turnover, £5,000 expenses, £12,570 salary, £10,000 dividends, and a 20% VAT rate (if applicable). Hit "Recalculate" and get:
- Corporation Tax: £6,586 (20% of £32,930 profit).
- Employer NICs: £1,135 (15% above £5,000).
- Dividend Tax: £90 (9% above £900 allowance).
- Net Profit: £24,119 after taxes.
These figures use HMRC’s 2025/26 rates, giving you a solid estimate—though not a replacement for professional advice. Try it now and see how easy tax planning can be! Questions? Email us at support@toolhubx.uk.