LLP: In the United Kingdom, Limited Liability Partnerships (LLPs) have a specific tax treatment. LLPs are considered tax-transparent entities, meaning that they do not pay corporate income tax. Instead, the tax liabilities are passed through to the individual members (partners) of the LLP, who report their share of the LLP's profits and losses on their personal tax returns in country of residency. In UK, they are subject to Income tax and National insurance contribution.
LTD: Limited companies are subject to corporate tax on their profits in the UK. Shareholders may be liable for personal income tax on dividends they receive.
Additional, both LLPs and LTDs may be required to pay VAT, Capital Gains Tax, and taxes on salaries, depending on their individual circumstances.
Please refer to Appendix 1 for specific tax treatment on profit.