PAYE (on £6,000, Tax code 1257L, Fiscal Year 2004/2005)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Starting rate | 10% | 0 | £2,020 | £0 |
| Basic rate | 22% | £2,020 | £31,400 | £0 |
| Higher rate | 40% | £31,400 | - | £0 |
| Total Tax: | £0 |
Employees NI (on £6,000, Fiscal Year 2004/2005)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Primary threshold | 0% | 0 | £91 | 0 |
| rate below upper earnings limit | 11% | £91 | £610 | £139 |
| rate above upper earnings limit | 1% | £610 | - | £0 |
| Total Tax: | £139 |
Employers NI (on £6,000, Fiscal Year 2004/2005)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Secondary class 1 rate | 12.8% | £91 | - | £162 |
| Total Tax: | £162 |
Corporation Tax (on £37,763, Fiscal Year 2004/2005)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Basic rate | 0% | 0 | £10,000 | £0 |
| Lower marginal relief | 19/400 | £10,000 | £50,000 | (£581) |
| Small co. rate | 19% | £50,000 | £300,000 | £7,175 |
| Upper marginal relief | 11/400 | £300,000 | £1,500,000 | (£0) |
| Standard rate | 30% | £1,500,000 | - | £0 |
| Total Tax: | £6,593 |
Dividend Payment (First Shareholder, Fiscal Year 2004/2005)
| Salary | £6,000 |
| Net Dividend | £31,169 |
| Grossed up dividend (pre 2016/2017) | N/A |
| Tax code | 1257L |
| Taxable income (taxable dividends + salary - allowance) | £28,063 |
| Amount subject to tax | £0 |
| Dividend tax | £0 |
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| basic rate | 0% | 0 | £31,400 | £0 |
| higher rate | 32.5% | £31,400 | £0 | £0 |
| Total Tax: | £0 |