UK corporation tax calculator | Calculate & save
Please note that the online tax calculators may not look right on a mobile device. You are recommended to view them on a desktop/laptop.
Feel free to use our free online UK corporation tax calculator. This will help you, as a limited company owner, to calculate how much to pay to HMRC
Disclaimer: This free online calculator does not constitute advice. You are advised to calculate the liabilities for your LTD and speak with your accountant to see how they might be mitigated.
UK corporate limited company director/shareholder
You will also want to know how to minimise corporation and income tax when you, as a director/shareholder, wish to extract money from a limited company. You must calculate the liabilities to be paid to HMRC and identify ways to minimise them.
HMRC rates - Calculate your liability
HMRC charges a flat rate of just 19% corporation tax on the profits made by a UK-limited company. This 19% flat rate was competitive throughout Europe and also very competitive against sole traders. Calculate the difference before choosing the legal entity to be used for your investments.
Sole traders paid an income rate of 20% for basic rate, 40% for high rate and 45% for additional rate taxpayers. Sole traders would pay National Insurance Class 2 and National Insurance Class 4.
Calculating the 19% rate on UK limited companies was also straightforward.
Rates after April 2023
Corporation tax rates increased from April 2023.
Owners of limited companies need to be mindful that profits exceeding £50,000 from April 2023 will no longer be at 19%. Limited company profits exceeding £50,000 from April 2023 will be subject to:
– 26.5% on company profits between £50,000 and £250,000
– 25% on profits exceeding £250,000
Any UK limited company with profits exceeding £250,000 will pay an increased amount of 6% (a difference between 25% from April 2023 and 19% before April 2023).
This tool designed to help businesses estimate their potential liabilities based on their profits and other relevant financial data. It offers a quick and straightforward way to project taxes owed without delving deep into tax laws and formulas.
Our tool is specifically tailored for businesses, focusing on the intricacies of corporate tax structures and rates. While others might target personal income or VAT, this tool zeroes in on a company's potential liabilities.