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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 2017/2018.

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

—  £21,200.00  £21,200.00 
Income tax £34,700.00  £0.00  £0.00  £0.00 
Dividend tax —  £25,075.00  £25,075.00  £0.00 
NINO Class 2 £145.60  —  —  — 
NINO Class 4 £4,715.24  —  —  — 
NINO Class 1 Employer —  £122.54  £122.54  £0.00 
NINO Class 1 Employee —  £112.32  £112.32  £0.00 
Total tax £39,560.84  £46,509.86  £46,509.86 
Total take home from £115,000.00 £75,439.16  £68,490.14  £68,490.14 
Money remained in business —  £0.00  £0.00 

Based on tax figures for 2017/2018 year in the UK

  • Income tax basic rate - 20%
  • Tax free income - £11,500.00
  • Income tax higher rate - 40%
  • Higher income threshold - £45,000.00
  • Upper income threshold - £150,000.00
  • Income tax upper rate - 45%
  • NINO Class 2 (per week) - £2.80
  • NINO Class 4 low rate - 9%
  • NINO Class 4 lower income threshold - £8,164.00
  • NINO Class 4 high rate - 2%
  • NINO Class 4 high income threshold - £45,000.00
  • NINO Class 1 primary (employee's) rate - 12%
  • NINO Class 1 primary (employee's) income threshold - £8,064.00
  • NINO Class 1 upper rate - 2%
  • NINO Class 1 upper income threshold - £42,384.00
  • NINO Class 1 secondary (employer's) rate - 13.8%
  • NINO Class 1 secondary (employer's) income threshold - £8,112.00
  • Corporation tax rate - 20%
  • Tax free dividend threshold - £5,000.00
  • Dividend tax for basic income - 7.5%
  • Dividend tax for higher income - 32.5%
  • Dividend tax for upper income - 38.1%

 

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