Once you’re a limited company, the main taxes you’ll pay will be:
- Corporation tax on your profits, at the current rate of 20%.
- PAYE (Pay-as-you-earn) for every employee on your payroll
- VAT (Value Added Tax) on your purchases – and a VAT return once your turnover is over £83,000 and you're registered for VAT
If you need help setting up your taxes, give us a call on 01454 300 999 or drop an email to email@example.com