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1. www.uktaxcalculators.co.uk › tax-calculatorsUK Corporation Tax Calculator

   www.uktaxcalculators.co.uk › tax-calculators

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   2 days ago · UK Corporation Tax Calculator. Small, Marginal and Main Rate - Enter your Gross Profit and select the Tax Year - we'll automatically calculate your corporation tax and if your profits are above the small companies limit, any marginal relief applicable to you too!

2. www.contractoradviceuk.net › 17-tax-tips-forTax Tips for Contractors 2024/25: UK Limited Company Tips

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   Sep 20, 2024 · An optimal salary and one of our income tax planning tips in 2024/25 is to take a salary of £1,047.50 per month. Indeed, when you take this salary level, your company saves UK contractor tax through a Corporation Tax (CT) saving of 19% or 25% on the salary cost.

3. www.contractoradviceuk.net › most-tax-efficientMost Tax-Efficient Way to Pay Yourself 2024: Limited Company

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   Sep 20, 2024 · The best way to pay yourself tax efficiently via your UK limited company in 2024/25. This includes tax-effective ways to take money from a company. How you can maximise your basic rate tax band 2024/25. When you know this, you’ll be aware of how much I can earn before paying higher rate tax.

4. www.contractoradviceuk.net › contractor-taxationContractor Taxation in the UK: Limited Company Taxes 2024/25

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   Sep 20, 2024 · As a reminder, you help reduce your tax as a contractor by claiming all legitimate business expenses. In addition, you can reduce taxes by paying yourself a tax-efficient salary. This guide covers the types of limited company tax (UK) a business may pay and how to pay tax as a contractor.

5. www.crunch.co.uk › knowledge › articleHow much is Corporation Tax for a limited company? | Crunch

   www.crunch.co.uk › knowledge › article

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   Sep 27, 2024 · The Corporation Tax rate will be 19-25% for the 2023/24 and 2024/25 tax year, but not for all limited companies. We’ve provided a breakdown: From the 1st of April 2023 businesses classed as ‘main rate’ will pay 25% in Corporation Tax.

6. www.unbiased.co.uk › discover › tax-businessTax-deductible expenses for limited companies | Unbiased

   www.unbiased.co.uk › discover › tax-business

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   Nov 3, 2022 · Discover what tax-deductible expenses you can claim for your business. Learn how to maximise deductions and reduce your tax liability effectively. Read now.

7. People also ask

   What is the UK limited company tax rate?

   • Regarding Corporation Tax, the UK limited company tax rate was 19%, and up to 31 March 2023, all companies paid this Corporation Tax rate on their profits. This is a tax for contractors running their own UK limited company. It is the main contractor limited company tax, and as mentioned, all UK companies pay this on any profits they make each year.

   Contractor Taxation in the UK: Limited Company Taxes 2024/25

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   How does a limited company pay tax as an independent contractor?

   • The first type of UK limited company tax when paying taxes as an independent contractor is Corporation Tax. Limited companies pay Corporation Tax for each accounting period they prepare accounts for. This is payable by every company that makes a profit every 12 months.

   Contractor Taxation in the UK: Limited Company Taxes 2024/25

   www.contractoradviceuk.net/contractor-taxation-uk-company-taxes/

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   How much tax does a company pay in 2024?

   • Therefore, if your company’s year-end is 30 June 2024, it would pay CT on its profits for the year to 30 June 2024. Regarding Corporation Tax, the UK limited company tax rate was 19%, and up to 31 March 2023, all companies paid this Corporation Tax rate on their profits.

   Contractor Taxation in the UK: Limited Company Taxes 2024/25

   www.contractoradviceuk.net/contractor-taxation-uk-company-taxes/

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   Does a limited company pay corporation tax?

   • Limited companies pay Corporation Tax for each accounting period they prepare accounts for. This is payable by every company that makes a profit every 12 months. Therefore, when we consider Ltd company taxes explained, CT is the main tax within your business taxes.

   Contractor Taxation in the UK: Limited Company Taxes 2024/25

   www.contractoradviceuk.net/contractor-taxation-uk-company-taxes/

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8. www.crunch.co.uk › knowledge › articleThe Tax Implications of Closing a Limited Company - Crunch

   www.crunch.co.uk › knowledge › article

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   Sep 25, 2024 · If you're closing a limited company that no longer trades, you may have to pay Capital Gains Tax or Income Tax. This is dependent on how the company is closed and how much profit is available to distribute to any shareholders or directors.