Corporation Tax on the company's Turnover or on the Dividends?

[where did my id go?]

Bear in mind that the interest you earn on the first 50k is still income that needs to be taxed, though.

Sorry, I should have been clearer in my answer. That is exactly what I meant, that the profit earned on the £50K would b subject to CT.

[Fred Bloggs]

Do keep up. By the time you do it will have gone to 21%, then 22%... and at some point you can expect it to acheive parity with the overall PAYE/NIC tax rate of a permie, if this silly government stays in command (using the term loosely of course)

I feel and fear that you are right.

[r0bly0ns]

I feel and fear that you are right.

No feel and fear about it, it was announced in the budget last year...........