In the most recent episode of Merryn Talks Money, Merryn Somerset Webb and John Stepek discuss the potential tax advantages of establishing a limited liability company (LLC) in the UK.

They explain what a limited liability or personal service company is and explore the associated tax benefits. The conversation emphasizes that LLCs may be subject to lower dividend and corporation tax rates compared to traditional income tax rates. Additionally, business owners can deduct various expenses from their income, which improves their overall tax efficiency.

The ability to choose when to receive income also allows individuals to optimize their tax obligations, making this structure an attractive option for many UK taxpayers.