Limited company & contractor tax calculator

Income Per year, excluding VAT

Expenses Per month, excluding VAT

Business mileage Miles per month

Assumptions

  • You're working outside IR35
  • You're VAT registered and using the flat rate scheme at 14.5%
  • You're paying yourself a salary of £6,000, with the rest of your earnings drawn as dividends
  • You're paying £79 per month in accountancy fees
  • You're claiming £4 per week for a home office
  • You're not paying in to a pension
Change assumptions
Calculating

Drawings

Take home pay £-
Mileage repaid to you £-
Home office allowance £-
Payment to your pension fund £-

Tax payments

Company taxes £-
Personal tax £-

Download your personal tax report FREE

We'll use this information to personalise your 15 page tax and earnings report, which includes:

  • Your recommended salary and dividend payments
  • Your tax schedule, so you know what to pay, and when
  • A comparison versus an umbrella, and the impact of IR35
  • Plus, we'll include our expert guide on saving tax
Download Report

About our limited company tax calculator

We’re proud to say that our limited company tax calculator is the most advanced and accurate tax calculator available! Simply enter your income and expenses and our calculator will calculate your limited company’s corporation tax, VAT, income tax and National Insurance payments, instantly. You can then clearly see your take home pay, and a break down of your tax calculation.

Calculating Contractor Take Home Pay

If you’re planning on contracting using a limited company, you can use this limited company tax calculator to calculate your contractor take home pay. Just enter you annual income, expenses and mileage and our calculator will calculate your take home pay, split between salary and dividends. This is very useful when you want to compare an umbrella v limited company.

Benefits of a limited company

Using this limited company tax calculator allows you to quickly see the benefits of using a limited company. This allows you to plan your limited company’s structure, as well as seeing how much tax you can save compared to an umbrella company.

Changing the assumptions

You can access the more advanced features of our limited company tax calculator by clicking on ‘change assumptions’. This allows you to calculate flat rate VAT or standard VAT, find the best contractor salary, as well as claim for a home office. You can also see the tax impact of pension payments.

Download a free take home pay report

We can now offer you a free personalised take home pay report, showing a detailed break down of your limited company take home pay, as well as our handy guide on how to save tax.