Introduction
This briefing note contains comparisons of the rates of tax
affecting two types of business structure for a typical UK trading
or professional business with UK resident owners and employees. It
does not cover situations involving special types of activity that
can attract particular tax rates (for example where the bank
payroll tax or debt cap restrictions apply for corporates), nor the
availability of loss reliefs to offset taxable profits (for example
group relief in the context of companies, or sideways loss relief
in the context of individuals).
Comparison of top rates of tax
This table compares the top rates of tax using a limited company
structure or a partnership structure. The comparison is made in the
context of different types of stakeholder. In the context of a
company the rates applicable to stakeholders are compared for the
entity itself, an individual shareholder, a corporate shareholder
and a director employee. In the context of a
