6/24/2020 Ainsworth Accountants' Guide to Limited Company Tax

Ainsworth Accountants: Accounts, Tax and Business Advisors.

Home Healthcare Contractors Services Start Up Tax Accounting Software Limited Company Accounting Explained

Guide to Limited Company Tax

We can file all your company taxes for you.
Thanks for visiting.
This webpage describes some of the more usual taxes involved for a Limited Company. If you need further help
please call us:
01772 611432
There are several taxes involved in a Limited Company, including: 07986 381123
8:00am to 8:00pm
• Corporation Tax
• PAYE
• VAT
More Information About
Limited Companies
• and Self Assessment for an individual as a Director

Companies House
Corporation Tax Companies House is the home and
registration place for all companies in
Corporation Tax is a tax on the profits of a Limited Company.
England and Wales.
Companies House Link
These tax calculations can be quite complex which is why they would normally be done by qualified
accountants, and this is part of our service.

GOV.UK
accountant-preston-lancashire.co.uk/limited-company-preston/limited-company-tax 1/3
6/24/2020 Ainsworth Accountants' Guide to Limited Company Tax

PAYE / Payroll
The UK Government is building a
If you are a Director of the limited company, you will usually be an employee of the company and substantial website of information for
on the Payroll of the company. This means that you will have a salary and receive a payslip, just like businesses:
any other employee. GOV.UK Link

The company will usually run a monthly payroll and may need to deduct Income Tax and National
Insurance on the payslip and pass this on to HMRC under the PAYE tax system every month. Our Webpages:

Payroll is part of our service. Limited Company Formation

Setting Up A Limited Company

Self Assessment
Shareholders' Guide
For an individual Director, HMRC say they require a personal Self Assessment tax return in
addition to the limited company's Corporation Tax return. Directors' Guide

Director's Loan Account

VAT
Annual Accounts
Please visit our VAT webpage for more details.
Getting Paid from your Company

For each of the above taxes, please note: Limited Company Bookkeeping

• All of these taxes are now filed online Dividends

• Each has a separate registration process
Limited Company Taxes

Confirmation Statement

Dormant Companies

Stationery

accountant-preston-lancashire.co.uk/limited-company-preston/limited-company-tax 2/3
6/24/2020 Ainsworth Accountants' Guide to Limited Company Tax

Services Tax Software Accounting Limited Company Professions

Year End Accounts Self Assessment QuickBooks Business Records Ltd. Co. Formation Chiropractors
Bookkeeping Corporation Tax QuickBooks Online Accounting Explained Set up a Ltd. Co. Osteopaths
PAYE & Payroll VAT PAYE CIS Sage to QuickBooks Debits & Credits Ltd. Co. Accounts Physiotherapists
Fees Contractor IR35 FreeAgent Balance Sheet Ltd. Co. Tax IT Contractors
Change Management Property Letting Profit & Loss Account Directors' Duties Quantity Surveyors
Income Tax Cash Flow Dividends

Copyright Ainsworth Accountants Ltd 2018

These webpages are intended to provide a helpful general guide.

Specific professional advice should be taken before taking action.

accountant-preston-lancashire.co.uk/limited-company-preston/limited-company-tax 3/3