Anyone has any idea on the percentage of tax I have to pay from my profit? It’s a UK limited company.
Thanks.
M.
Re: Tax in UK
19%
Re: Tax in UK
20% from April 2007 assuming its a small company otherwise 30%.
Re: Tax in UK
phew....that's a lot of money!!!
And no way to bypass that I guess... :( :(
Re: Tax in UK
Get a cash in hand job!!!!
He owns a company. He can supress his sales as other desies do over there! But that's a shameful thing.
Re: Tax in UK
nothing is more shameful than paying 30% tax dude!!! phew…30% 
Re: Tax in UK
Salaried people do pay alomost that percentage of tax through "payee" in the UK and deduction at source here in Pakistan.
Re: Tax in UK
Only larger companies pay 30%. I think that you would fall into the 20% bracket.
Re: Tax in UK
20% on profit only, right? Do i have to pay any tax on company's assets or anything??
Re: Tax in UK
No just on profit!
Re: Tax in UK
Thanks guys...
Re: Tax in UK
Besides the Corporation Tax you would also have to pay Income Tax for any employees of the company. Plus Value Added Tax on sales if the turnover is above X amount.
Re: Tax in UK
yaar tum log 30% pay ro rahey ho, ham kaam karney waluN ko Germany maiN 50% tak tax pay karna parta hay, :(
Re: Tax in UK
No wonder industry there has been crying lol.
Re: Tax in UK
Wake up mate. We pay upto 60%. In Schengen the rule is "the more u earn they more you pay". TAX Bracket raises with earnings. Be happy that u will be paying only 20%.
Re: Tax in UK
Wake up mate. We pay upto 60%. In Schengen the rule is "the more u earn they more you pay". TAX Bracket raises with earnings. Be happy that u will be paying only 20%.
Bump!
60% tak? ye kon sa mulk hay bhai? MaiN to samaj raha tha kay ham log jo Germany maiN rehtay haiN wohi sab say ziada tax pay kartay haiN. We pay upto 55% (depending on the tax class).
Re: Tax in UK
55% - 60% tax??? 
I usually pay no income tax, no vat!! That’s why I’m crying over 20%. Well, guess I should be happy…
Re: Tax in UK
tax is difficult 