Unincorporated profits

Unincorporated profits calculation

This calculator uses 2018/19 rates to tax accounting profits in the accounting period prior to 5 April 2018.

Tax relief is available for certain capital expenditure. Please contact us to discuss the extent to which you are able to claim up to £200,000 relief on capital expenditure.

This is your annual profit for the account year ended before 5 April.
e.g. Plant and machinery. Not property, goodwill etc
  1. Depreciation is one of those items in your profit and loss account that is not an allowable cost for income tax purposes. Tax relief is available for certain capital expenditure. This calculator only allows for capital expenditure incurred during the year you are looking at. While there is a £200,000 allowance for plant and machinery, your entitlement this year will be less. Please contact us to discuss the tax relief available on your capital expenditure.
  2. The tax and class 4 National Insurance liability is due for payment in 2 equal instalments on 1 January 2019 and 1 July 2019. However, the payment you make on 1 January 2019 will also need to include any capital gains tax due for the tax year 2017/18.

Corporation tax rates

Main capital allowances

Tax and the self employed

Tax and your share of partnership profit

Please note that the results you see on your screen are estimates only. If you wish us to look further you will need to contact us.

If you’re interested in working with us and wish to discuss your requirements then please call us on 44 (0) 141 221 2257 or email contact@thomasbarrie.co.uk

Atlantic House
1A Cadogan Street
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There is another entrance to the building at 45 Hope Street, G2 6AE.

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