Limited Company Tax Calculator

If you’re a limited company owner, this useful calculator will work out your net profits, after allowing for expenses and tax.

Simply enter your company’s estimated turnover for the 2022/23 tax year, including any allowable business expenses to generate the gross profit figure.

After allowing for Corporation Tax on gross profits, the retained profit can be distributed as dividends to shareholders.

2022/23 Limited Company Profits Calculator

Notes and assumptions

  • The current rate of Corporation Tax is 19%.
  • The calculator assumes that the company is not eligible to claim the Employment Allowance (a rebate on employers’ NIC costs). Many small companies are not eligible to claim the EA.
  • If you have any questions relating to your business profits, expenses, or any other aspect of your company’s finances, make sure you talk to your accountant.

Last updated: 6th April, 2022

Combine all of your old pensions into one simple online plan

Sign up in 5 minutes - over 600,000 users, including the Bytestart team!

Superscript no-ties business insurance - pay monthly

Tailored just for you + pay monthly. You could be covered in just 10 minutes.

Tide Business Bank Account - £40 welcome bonus!

Exclusive for Bytestart readers + 12 months' free transfers. Find out more.

FreeAgent Online Accounting - 55% off - ByteStart exclusive!

Brilliant software. Get 55% of your first 6 months, then 10% for life.

Related articles

  • Small business VAT pitfalls you should be aware of

    If you are registered for VAT, have to file a VAT return in the near future, or are concerned about putting the wrong amounts on your VAT return, here are 5 VAT traps to watch…

  • business rates

    How are business rates calculated for small firms?

    Just as you have to pay council tax on your home, so your business must cough up business rates for its premises. They can be a pain and an easily overlooked cost when you are…

  • what is ir35

    What is IR35? – Essential guide for limited company owners

    If you are thinking of working as a freelancer or a contractor via your own limited company, you need to very quickly get a basic understanding of the IR35 rules. Related guides: Small business taxation…