There are very different types and sizes of BVs. You can set up a BV alone or together with others.
Taxes at eg
- Corporation tax
- The BV pays corporation tax on the profit.
- VAT
- The BV is an entrepreneur for VAT purposes. You generally pay this every quarter.
- payroll taxes
- If the BV employs staff, you will be faced with payroll taxes. The BV also deducts payroll taxes from the salary of the director-major shareholder.
- dividend tax
- If the BV pays dividends on shares, the BV withholds dividend tax.
Taxes for the DGA, or the director-major shareholder
If you are a director and major shareholder of the BV and therefore receive a salary from the BV, then the same tax rules apply to you as a DGA as to other employees. As your employer, the BV withholds payroll taxes from your salary.
- Income tax
- you, like any employee, pay income tax.