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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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as one of three directors of a limited company,are we taxed

Resolved Question:

as one of three directors of a limited company,are we taxed as company or as individuals.i.e. have tax bills sent to our home address or just one bill sent to our business address.
regards
Submitted: 2 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 2 years ago.

Hello and welcome to the site. Thank you for your question.

Company pays corporation tax on its taxable profits. The company would receive one bill for CT payable at its business address.

Directors are not taxed as individuals on company profits.

I hope this is helpful.

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Expert:  taxadvisor.uk replied 2 years ago.
I thank you for accepting my answer.

Best wishes.