Thank you for you reply.
If you were the sole director/shareholder of your company, a annual salary of (720x12) £8,640 would mean there is no income tax on it and no employee and employer NI.
Profit before salary £100,000
Profit after salary before tax (100,000-8,640) £91,360
CT payable at 19% (91,360x19%) £17359
Profit after tax (91,360-17,359) £74,001
This amount is available for distribution as dividend.
Your tax on dividends of £74,000 would be
Total tax payable on profit of £100,000 = (17,359+14025) £31,384
I hope this is helpful and answers your question.
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