B9.132 Incorporation—table of key tax issuesThis is a comparison table of key tax issuesNotesSole traderGeneralP'shipLtd CoLtd P'shipLLPIndividuals taxed on business profits√√X√√Reserves build up net of low rate of taxXX√XXClass 4 NICs as distinct from Class 1 NICs1√√X√√Only single tier CGT charges2√√X√√Pensionable earnings√√√X√Tax relief for personal insurances3XX√XXSimple drawings (no PAYE, P11Ds or tax on loans)√√X√√Tax relief for business use of car4√√√√√Notes: (1) Remuneration paid by a company is subject to Class 1 and Employers NICs. There are no NICs on dividends paid by a
This is a comparison table of key tax issues
(1) Remuneration paid by a company is subject to Class 1 and Employers NICs. There are no NICs on dividends paid by a
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