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question about limited company

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sshah20
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question about limited company

Post by sshah20 » Sun Nov 27, 2011 6:05 pm

Hi all,

I am in the process of opening a limited company but not sure about taxes.
I will draw minimum salary every month and I am sure that NI and tax will be minimum for this amount. and if I take dividend from the company I will have to pay corporate tax on it as employee(Director).

I have one question in my mind that if I take dividend from company it means that the company is in profit. My question is would company pay tax and NI on gross profit? if the answer of this question is yes then it means that I will pay taxes on dividend and also on gross profit.

please clarify this question as I am confused.


Shah
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geriatrix
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Post by geriatrix » Sun Nov 27, 2011 6:41 pm

Please continue in your previous topic.
Life isn't fair, but you can be!
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