Enter the amount
£
%
Enter the turnover and the rate. Tap a chip for a common flat-rate percentage or type your own.
=Tax
33,000.00£
Turnover200,000.00 £
Tax 16.50%−33,000.00 £
After tax167,000.00 £
The UK has no general turnover tax — companies pay Corporation Tax on profit. Some small businesses use turnover-based schemes such as the VAT Flat Rate Scheme, paying a fixed % of gross turnover (16.5% limited-cost trader, or a lower sector rate). Set the rate that applies.
Turnover 200,000.00 £ × 16.50% = Tax 33,000.00 £, After tax 167,000.00 £