I’m a non-resident Bangladeshi owning a UK limited company. My business profits are £70,000 annually. Will I be taxed at the small profits rate or the main rate?
Answer by: abdullah-al-naim
5 months ago
Profits of £70,000 fall between the small profits rate (19%) and the main rate (25%). A marginal relief applies, reducing your effective rate proportionally based on your profits. Use HMRC’s calculator for accuracy.
