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      What are the taxes I need to pay?

      The only tax you are required to pay 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:

      The first GBP 50,000 will be taxed at 19%

      The remaining GBP 50,0000 will be taxed at 25%.