[dave0123]

Hi,

You guys who are  a LTD company what is the tax threshold on dividends? for example sole trader you can earn near enuff 5000 before paying tax. Iv tried looking on google but i carnt find it.

Thanks Dave

[robbie14000]

Dave, I am not a LTD company but looking into it.
I believe the threshold is £10,000 for LTD.
The more you earn as LTD you will still only pay 23% and then take dividends.
Or you can split your company and have two businesses.
Regards Robbie -Clearshine - Harrogate

[John Kelly]

Regardless of whether you take drawings from a sole trader or partnership or dividends from a limited company, it is still classed as income. You will have a personal allowance depending on your circumstances. Earnings over this amount are taxed.
I think you probably mean corporation tax which is an additional tax on your profits over a certain amount. Can't think what the figures are though.