Re: UK Taxes
Hi
If you’re looking at net profit of 80-100k then I suggest you get VAT Registered as you have pass the £85,000 threshold for turnover.
Secondly if you are going to have employees then you will need to register with the PAYE scheme and pay The Tax and national insurance on Your employees salary.
If you are working alone I suggest you take a wage under £12,500 which will only have National insurance of around £400-£500 a year to pay on it .
The rest I suggest you take as a dividend after paying the 19% corporation tax.
You will be able to take another 37k without paying anymore Income tax. However when you go past the 50k threshold you will pay the higher rate 40% tax on every £ after £50k
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