Tax Planning for UK Corporation Business Owners

Making Tax Digital for Income Tax requirements for self-employed individuals

Understanding MTD Obligations for UK Sole Traders (MTD: Making Tax Digital for Income Tax

MTD (Making Tax Digital for Income Tax) is a new digital tax reporting regime introduced by HMRC for sole traders and individuals receiving rental income. The scheme became mandatory from

Capital Gains Tax in The UK

If you run a business and hold assets in the UK, understanding Capital Gains Tax (CGT) is essential for effective tax planning. Your CGT obligation can vary depending on the

Residential rental property generating taxable income in the UK

Property Income and Tax in the UK

HMRC regards individuals who own income-generating assets like buildings, land or vehicles as having tax obligations if their property income exceeds certain thresholds. Property income is common across the UK.

UK 2025 Spring Statement

The UK Chancellor delivered her first Spring Statement in March 2025. Compared to the Autumn Budget of 2024, it introduced fewer major tax changes directly impacting businesses. However, with increased

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BH1 ACCOUNTING

LIMITED COMPANIES

SOLE TRADERS

UK BRANCH CLIENTS

	Scenario 1 Salary £50,000 & No Dividend	Scenario 2 Salary £12,570 & Dividend £37,430
PAYE	£7,486	£0
Employee NIC	£2,993.92	£0
Employer NIC	£6,750	£1,136
Corporation tax	£9,500	£9,500
Tax savings on corporation tax	-£9,500	-£2,604
Dividend tax	£0	£3,231
Total Tax	£17,230	£11,263