Assumptions

Uses tax rates and allowances for 2014/15.

The cost for comparison does not consider any Nixon Williams fees.

The company has only one shareholder.

No other income or reliefs are considered.

If a basic rate taxpayer in year, it is assumed that dividends will be declared to make use of basic rate allowance. In this case the dividend availiable will reduce the profits shown.

The calculator only considers the incremental taxes which become due as a result of any decision made. For a tailored and specific estimate based on your individual circumstances we recommend that you speak to us directly.

The calculator is for illustration purposes only . Nixon Williams will not accept responsibility for any losses arising as a result of any decision made from using this tool.

The liquidation fee and disbursements are shown Net of VAT, if the company is VAT registered then any VAT payable can be reclaimed.

The calculation does not consider the extra Capital Gains Tax due on gains in excess of £10,000,000 (if applicable for Entrepreneurs).