Corporation Tax on Company Profits
20%

PAYE on Employee Salary
For the tax year 2020/21 there is a Personal Allowance of £12,500. This means that there is no tax paid on the first £12,500 of income.

For complete details please visit the Government website

National Insurance Contributions (NICs) on Employee Salary
For the 2020/21 tax year Employees NI and Employers NI is only due on weekly income in excess of the Primary Threshold of £183/week and the Secondary threshold of £168.81/week respectively.

For complete details please visit the Government website

Dividend Tax on Shareholder Dividends
Dividend income is treated as the ‘top’ band of income for calculating any tax due implying that the total amount of Dividends and any other income you may have earned (e.g. Salary) determines which rate of tax you will pay on the Dividends.

As of 6 April 2018 you are entitled to a Dividend Allowance of £2,000. This means that there is no tax paid on the first £2,000 of dividends received.

For complete details please visit the Government website