Work out your limited company’s Corporation Tax liability on profits generated during the 2022/3 tax year.
How to use the calculator
Fill in the yellow boxes, and the calculator will work out how much of your profits are available to distribute as dividends, after allowing for business expenses and Corporation Tax.
To keep this tool as simple as possible, we have made several assumptions. Please scroll down for further information.
The 1.25% NI rise was reversed from 6th November 2022. Our calculator has been updated to reflect this.
2021/22 Limited Company Tax Calculator
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Assumptions used in this calculator
- Corporation Tax has been applied at the prevailing rate of 19% (2022-23 tax year).
- We have ignored the Employment Allowance, which refunds Employers’ NICs up to £5,000 each calendar year. For most small companies (such as contractors), the impact of this incentive is likely to be minimal if you and/or your employees are paid low salaries.
- To find out the most tax-efficient director’s salary for 2022-23, read this key article.
- We have assumed that any billable work included within the ‘Annual Revenue’ figure does not fall within the scope of the IR35 rules.
- All calculations have been verified by our ACA-qualified accountant. Please talk to your accountant if you have any tax-related questions.