Running a UK limited company? Juggling Corporation Tax, Employer NI, and VAT doesn’t have to be a headache. With ToolHubX’s free Limited Company Tax Calculator, you can estimate your 2024/25 taxes in five minutes—here’s how.
First, grab your annual turnover—say, £50,000. Subtract expenses (£5,000) and set a director’s salary (£12,570, the 2024/25 Personal Allowance sweet spot). Plan £10,000 in dividends from profits. Plug these into the calculator: £50,000 turnover, £5,000 expenses, £12,570 salary, £10,000 dividends, 20% VAT (if over £90,000 turnover). Hit "Recalculate" and see:
- Corporation Tax: £6,586 (20% on £32,930 profit).
- Employer NI: £1,005 (15% above £5,000).
- Dividend Tax: £82.80 (9% above £900 allowance).
- Net Profit: £25,326.20 after taxes.
Using 2024/25 HMRC rates, this estimate is spot-on for planning—not filings. Loved this? Share it on X with #SmallBizUK and try our free Self-Employed or Personal Tax Calculators too! Questions? Hit us at support@toolhubx.uk or check our Privacy Policy.