iHow it is calculated
The tax is your turnover times the rate you choose:
tax = turnover × rate
£100,000 of turnover at 16.5% (the limited-cost trader rate) = £16,500.
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Taxes · Updated 2026
Turnover Tax Calculator
Work out tax as a percentage of turnover — for example under the VAT Flat Rate Scheme — at a rate you set.
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 £Indicative tax figures, not advice. This applies a single rate you set — real tax may be progressive or banded, with reliefs and allowances. Check the rate in force for your case. Instant in-browser calculation, no account.
⚖︎ Results are for informational purposes and do not constitute tax advice. For specific situations, consult a licensed accountant or the relevant tax authority.
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?Frequently asked questions
Is there a turnover tax in the UK?
No general one — UK companies pay Corporation Tax on profit, not turnover. But turnover-based schemes exist, most commonly the VAT Flat Rate Scheme, where you pay a set percentage of gross turnover.
What is the VAT Flat Rate Scheme?
A simplified VAT scheme for small businesses: instead of tracking VAT on every purchase, you pay a fixed percentage of your VAT-inclusive turnover. The limited-cost trader rate is 16.5%; many sectors have lower rates.
What rate should I use?
Use your sector’s flat rate, or 16.5% if you are a limited-cost trader. If you model a different turnover-based levy, enter that rate instead.
Can I set my own rate?
Yes — type any percentage or tap a chip, so the tool fits your scheme or sector.
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