Switch to mobile site
Loading

tax calculator

Helping small businesses to choose the most effective tax arrangements

Tax Comparison Calculator

Choose between sole-trader, Limited company or shared Limited company

Please, note that this table is not an accurate accountant's tool therefore it only gives a comparison of 3 the most common tax arrangements for small businesses in 2018/2019.

Profit excluding VAT Shared dividend
Director's Salary
Director's Dividends £106,000.00
Partner's Salary
Partner's % of shares £0.00

 

Results

  Sole-trader Limited company Limited company shared
Director 100% Partner 0%

Corporation tax

—  £20,140.00  £20,140.00 
Income tax £34,360.00  £0.00  £0.00  £0.00 
Dividend tax —  £24,962.50  £24,962.50  £0.00 
NINO Class 2 £153.40  —  —  — 
NINO Class 4 £4,786.34  —  —  — 
NINO Class 1 Employer —  £79.49  £79.49  £0.00 
NINO Class 1 Employee —  £69.12  £69.12  £0.00 
Total tax £39,299.74  £45,251.11  £45,251.11 
Total take home from £115,000.00 £75,700.26  £69,748.89  £69,748.89 
Money remained in business —  £0.00  £0.00 

Based on tax figures for 2018/2019 year in the UK

  • Income tax basic rate - 20%
  • Tax free income - £11,850.00
  • Income tax higher rate - 40%
  • Higher income threshold - £46,350.00
  • Upper income threshold - £150,000.00
  • Income tax upper rate - 45%
  • NINO Class 2 (per week) - £2.95
  • NINO Class 4 low rate - 9%
  • NINO Class 4 lower income threshold - £8,424.00
  • NINO Class 4 high rate - 2%
  • NINO Class 4 high income threshold - £46,350.00
  • NINO Class 1 primary (employee's) rate - 12%
  • NINO Class 1 primary (employee's) income threshold - £8,424.00
  • NINO Class 1 upper rate - 2%
  • NINO Class 1 upper income threshold - £46,356.00
  • NINO Class 1 secondary (employer's) rate - 13.8%
  • NINO Class 1 secondary (employer's) income threshold - £8,424.00
  • Corporation tax rate - 19%
  • Tax free dividend threshold - £2,000.00
  • Dividend tax for basic income - 7.5%
  • Dividend tax for higher income - 32.5%
  • Dividend tax for upper income - 38.1%

 

To make a booking
or for more information
call us on 07898 737 837

 

*One off repair is a subject to availability

Get a Quote

To find out more about prices in your area please fill in and send the form below. We endeavour to respond within 2 hours.

Title    
Full Name* Phone*
Email* Post Code*