If you’re planning to set up and run your own business through a limited company, then one of the most important questions we are often asked is; what taxes will I be faced with as a limited company director?
Before we answer that question, it’s important that you understand that a limited company is a separate legal entity. You might own it as the only shareholder and director, but it is a business in its own right. It isn’t a sole trade or a partnership and you, as a working director, will be its employee.