Limited Company vs Sole Trader

Calculate how much tax you will pay on your profits as a limited company versus as a sole trader

Limited company

£0.00

(How is it calculated?)

Sole trader

£0.00

(How is it calculated?)

You save £0.00 with Limited Company

How does this calculator work?
  • Use this calculator to compare your take-home income if you are operating as a sole trader or as a limited company. 

  •  

    Enter your annual turnover excluding VAT and expenses.

  •  

    The calculator will calculate your estimated take-home income under both options.

  •  

    The calculator assumes that you are eligible to claim Personal allowance and will be drawing tax efficient salaries from your company.

200,000+ users.

Business owners and individuals alike trust us to find them the best help.

5000+ experts.

Business owners and individuals alike trust us to find them the best help.

100% free.

Business owners and individuals alike trust us to find them the best help.

leftfind-img

Let's find your next accountant.

I Need
Get 3 Proposals

Contact us, our customer support is here to answer your questions.

How it works

It takes only 3 steps to receive proposals from expert Accountants, Tax advisors or Bookkeepers

Tell us your requirements?

Tell us your requirements and choose the service you need.

1

Get upto 3 proposals

Get your customised proposals from our Experts in just 2 days.

2

Select, connect and hire

Select and hire an Expert which matches your criteria. All this is 100% free.

3

Related FAQ's

As a sole trader, you will file a self-assessment tax return annually. Deadline is 31 January if submitting online or 31 October if submitting by paper. 

A limited company must pay corporate tax and file annual accounts with Companies House within 9 months from the financial year-end. The corporation tax return filing deadline with the HMRC is within 12 months from the company year-end.    

Not claiming all expenses, late submission, and ignoring the first payment on account are the most popular self-assessment tax mistakes. 

There is no income tax on earnings up to personal allowance. However, personal allowance reduces when your income exceeds £100,000.