January 24th 2020
Tax Week 42
try our free mobile apps!
tax region

Gross Profit After Running Costs, Employee Costs and Corporation Tax

Corporation Tax and Net Profit Summary for Sample Business

Gross Turnover£0.00
minus
Annual Costs£0.00
Profit before Employee Costs£0.00
Employee Costs
No Employees£0.00
Gross Profit Before CT£0.00

Sample Business has not made a profit, so no further taxes are to be deducted.

Complete the information above, then click next

This is an error message

Help

Detailed above is the amount of profit your business has made after running costs, employee costs and associated taxes - including corporation tax.

You now have a figure to use to decide how much of your profit to remove from the business, either by increasing salaries or taking a dividend.

Abbreviations used above:

  • Take Home - Take Home Pay After All Deductions
  • NIC - National Insurance Contributions
  • SALARY - Gross Income Before Deductions
  • TAX - Personal Income Tax For Employee
  • EE - Employee's National Insurance Contributions
  • ER - Employer's National Insurance Contributions
  • CT - Corporation Tax

Help - find relevant tax tools and calculators - go back to top

Answer a few questions below and we will list relevant tax calculators and tools that can help you organise, budget and ultimately save you money!
are you an employee?