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Limited Company Tax Companion

Estimate Corporation Tax and the personal tax on your salary & dividends — and keep a running record of dividends and your director's loan.

Tax year · 2026/27

Company figures

Turnover

Total company income for the year, before costs.

Director's salary

A company expense that reduces profit.

Other allowable expenses

All other tax-deductible running costs.

Dividends you plan to draw

Can't exceed profit left after Corporation Tax.

Key dates (optional)

Company year end

Corporation Tax is due 9 months + 1 day later.

Dividends declared date

Sets your personal Self Assessment payment date.

Taxable company profit£0

Corporation Tax

Corporation Tax due

£0

19% up to £50k · 25% over £250k · marginal relief between

Effective CT rate–

Profit retained after CT£0

Dividends available to draw£0

CT payment dueEnter a year end above–

Your personal tax (via Self Assessment)

Income tax on salary£0

Dividend tax10.75% / 35.75% / 39.35% for 2026/27£0

Total personal tax£0

Personal tax dueEnter a dividend date above–

Take-home summary

Salary taken£0

Dividends taken£0

Less: personal tax£0

Estimated take-home£0

What this assumes ▾

The director takes the salary and dividends shown and has no other income; the full personal allowance (£12,570) applies, tapering above £100,000.

Company profit equals your tax-adjusted profit (no capital allowances or add-backs), with no associated companies and a non-Scottish/Welsh taxpayer.

Dividends can only be paid from retained profit after Corporation Tax — paying more is unlawful. Employer's/employee's NIC on salary and the HICBC are not calculated here.

Record each dividend as you declare it. Keep a dividend voucher and board minute for every one.

Date declared

Shareholder

Amount & type

Declared dividends

Total dividends declared£0

Dividends available (from estimator)£0

Record money the director takes from, or pays into, the company outside salary and dividends.

Date

Description

Amount

Loan account movements

Closing loan balance£0

What is s455 tax? ▾

If the loan account is overdrawn (the director owes the company) at year end and isn't repaid within 9 months + 1 day, the company pays s455 tax at 33.75% of the outstanding balance. It's refundable once repaid, but the cash is tied up meanwhile. A loan over £10,000 at any point may also create a taxable benefit in kind. Seek advice if overdrawn.