What possible tax benefits do PLCs have apposed to a Private Limited Company?
None that I can think of. The difference isn’t anything to do with tax. It is to do with the funding on when the company was set up. In a private company, some people get together, provide the finance, operate the business, and divide the profits. The shares remain privately owned. In a public company set-up funding is done by selling shares to the public. Profits are then divided among shareholders. Both types of companies are liable to Corporation Tax, and the people receiving dividends get taxed. Although there is a 10% tax deduction on shares, people earning enough to pay Higher Rate tax have to pay more tax on their company income. I am afraid this is a complicated subject. I have tried to give a short summary.
