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IR35 Taxes Calculator - Results

    Outside IR35 Inside IR35
  TOTAL TAXES: 6,886 11,815
  (Percentage of revenue) (16%) (28%)
Revenue: Total revenue 41,250 41,250
Personal Taxes: Paye 0 0
  Employees N.I. 59 59
  Dividend taxes 0 N/A
Company taxes: Employers N.I. 69 69
  Corporation tax 6,757 N/A
Taxes on Deemed Payment: Additional Paye N/A 5,332
  Additional Employers N.I N/A 3,417
  Additional Employees N.I. N/A 2,937
  • Being caught by IR35 results in an extra tax burden of £ 4,929 (71% increase)
  • The increase in taxes is mainly due to the additional employers and employees N.I., together with income tax being payable at full rate as opposed to a combination of corporation tax and dividend tax which is lower. You also lose the advantage of being able to split your dividends.

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Norla Group: Umbrella Solutions From £60 / Month. 100% Compliant. Join Now!

Crystal Umbrella: Crystal clear payment solutions.

PayScheme+: Tax efficient IR35 solutions. Up to 87% of contract value.

Consultant Technologies: Our contractors earn more & stress less. Security & great benefits!

Nixon Williams Accountancy: Accountancy service for contractors. Fixed fee £60 per month.

Parasol: Award winning customer service. Excellent returns. FREE insurances.

Sanzar Payment Solution: Retain minimum 85% of contract value, with no IR35 concerns.

 

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