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  1. Apr 12, 2023 · SHELBY COMPANIES LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity.

    • Filing History

      Filing history for SHELBY COMPANIES LIMITED (14793836)...

  2. Apr 21, 2023 · The government has RULED OUT a pay-per-mile car tax system amid fears the Labour Party government could be targeting one.

    • Corporation Tax (CT) When you incorporate a new company, you must register with HMRC for Corporation Tax (CT) within 3 months of starting up. If you form your company directly via Companies House, your company is automatically registered.
    • Value Added Tax (VAT) VAT is charged on almost all UK products but is different from other taxes as it is the company itself that collects it on behalf of HMRC, rather than the Government collecting it directly.
    • National Insurance (NI) National Insurance Contributions (NICs) are paid on employees’ salaries (not dividend income). The employer deducts NICs during the payroll process and pays them directly to HMRC monthly or quarterly.
    • Income Tax (for directors and employees) For 2023/24, the personal allowance is £12,570 – this is the amount of income you can earn tax-free. Above this, all employees and any directors taking a salary are required to pay varying rates of income tax depending on their overall annual income.
  3. Jul 23, 2024 · We have discussed the most tax-efficient way to take money from a limited company. Typically, the best option is to take a low salary, top up your income with dividends, and make use of all available expenses, allowances, and tax reliefs.

    • 25 min
    • shelby companies ltd 45.96% of income tax income taxes taken back1
    • shelby companies ltd 45.96% of income tax income taxes taken back2
    • shelby companies ltd 45.96% of income tax income taxes taken back3
    • shelby companies ltd 45.96% of income tax income taxes taken back4
    • shelby companies ltd 45.96% of income tax income taxes taken back5
  4. Jul 24, 2023 · The most suitable salary structure to adopt from a limited company in the UK depends on several factors, including personal circumstances, other income sources, tax considerations, and financial objectives.

  5. Jul 8, 2024 · Last reviewed - 08 July 2024. A UK resident company is taxed on its worldwide total profits. Total profits are the aggregate of (i) the company's net income from each source and (ii) the company's net chargeable gains arising from the sale of capital assets.

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  7. Oct 21, 2020 · Setting up a limited company is the most tax-efficient way to operate as a contractor – subject to your contracts falling outside of IR35. Our short guide will help you gain an understanding of the various taxes you will be liable for as a limited company director.

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