Tax Calculators

Our range of tax calculators are provided free of charge and act as a guide only!

Want more definitive figures? »

Salary Calculator


If you are an employee, this tax calculator lets you know what you will actually receive (net pay) based on your tax code and salary, be it weekly, monthly or annually. You can also see how much tax and national insurance (employee’s NI) you will be paying to HMRC.

If you are an employer you will be able to see exactly how much an employee will cost you based on their salary (total employer cost).


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Note: This calculator is only accurate for employees. Director's pay can differ due to the way it is calculated

Sole Trader Calculator


As a sole trader this helpful calculator can show you exactly how much tax and national insurance you will have to pay to HMRC based on your profits for the selected year. Each tax year runs from 6th April one year to the 5th April the next. The calculator also shows you your profits after these deductions


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Corporation Tax Calculator


This handy calculator tells you exactly how much tax you will owe to HMRC for any given accounting period based on your company’s profits. It will also tell you your profits after tax has been deducted.

If your annual profits are going to be under £300,000 then this calculator can also be useful for estimating how much profits you have available for dividends. For instance you could use the calculator each month or quarter to work out a rough idea of your profit after tax and therefore how much you can take in dividends that month/quarter.


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Limited Company vs. Sole Trader Calculator


This calculator shows you the amount you will save if you incorporated as a limited company rather than trading as a sole trader based on your annual profits.

There are other factors to be considered when deciding whether or not to incorporate so it is always best to seek professional advice first.


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Sole Trader


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Limited Company


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Dividend Calculator


This calculator shows you how much tax you will owe to HMRC based on the dividends you have received for a specified tax year. This calculator assumes your personal tax free allowance has been utilised as the director of an owner managed company. This calculator does not take any other income into consideration.


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Take Home Pay Calculator


If you are a contractor this calculator will be very useful when deciding how to trade. It will show you exactly how much you will take home based on the profit you will make from your contract.

This calculation assumes that you have the standard personal tax free allowance available and does not take into consideration any other income you may have.

Please note: You may be able to increase take home pay even further as a Sole Trader/Limited Company if you were to register for VAT. Please seek advice from a professional regarding this.


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Limited Company


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Umbrella Company


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Holiday Calculator


This comprehensive calculator shows what holiday entitlement is due to an employee, whether they have started during the leave year, left during the leave year or started and left.

The leave year is the 12 month period a business sets in order to calculate the holiday entitlement. It usually falls in line with the business's financial year, the tax year or the calendar year.

Please note that this calculator works out the minimum entitlement (28 days including bank holidays per annum). The entitlement may be greater than this.


1 - Is the holiday entitlement based on:

VAT Calculator


Some receipts your business receives may not show a breakdown of the VAT charged. This calculator can help you work out what the VAT element is. You can select gross (the total amount) or net (the amount before VAT is calculated).


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Flat Rate VAT Calculator


This calculator compares what you would pay to HMRC in VAT on Standard VAT compared to the Flat Rate Scheme. If the figure is a minus, you are better off on the Flat Rate Scheme.

The calculator does not take into consideration your 1% discount for the first year on the Flat Rate Scheme.

If you are unsure what your industry flat rate percentage is then you can check on the HMRC website


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Standard


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Car and Fuel Benefits Calculator


You can use this calculator to work out how much of a benefit you will be taxed on for your company car and fuel (if applicable).


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Capital Gains Tax Calculator


If you have made a gain on disposal of assets as an individual during a tax year then this calculator will show you how much you owe to HMRC.

This calculator does not take other income into consideration, neither does it take entrepreneurs relief into consideration for disposal of a business.


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Annual Fuel Expenditure Calculator


If you have not kept a record of your fuel expenditure then this handy calculator can tell you roughly how much you have spent on fuel for any given amount of miles travelled. This may also be useful if you are looking to purchase a new vehicle and wondering how much you will spend on fuel based on the amount of miles you are likely to travel.


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Inheritance Tax Calculator


This calculator shows how much inheritance tax is due based on the value of an estate and the liabilities the estate has.


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Liabilities


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Nil rate band transfer


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