What are the taxes I need to pay?

The only tax you are required to pay when operating a UK legal entity is the Corporation Tax, which is calculated based on these criteria:

If your profit is below GBP 50,000:

Your entire profit will be taxed at the rate of 19%.

If your profit is above GBP 50,000:

1. The first GBP 50,000 of your profit will be taxed at the rate of 19%.
2. The remaining profit above GBP 50,000 will be taxed at the rate of 25%.

For example, granted that your profit for 2024 was GBP 100,000:

1. The first GBP 50,000 will be taxed at 19%
2. The remaining GBP 50,0000 will be taxed at 25%.

Any questions? Feel free to contact support at support@nteams.com