Your Details
| Your Details | Rate | £52 |
| Rate Type | Hourly | |
| Hours per week | 37.5 | |
| Days per week | 5 | |
| Weeks per year | 44 | |
| Salary | £8,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Other income | £0 | |
| Tax code | 1100L | |
| Personal Income | Net Annual Income | £48,629 |
| Net Monthly Income | £4,052 | |
| Company Income | Contract revenue | £87,009 |
| Other income | £0 | |
| Total revenue | £87,009 | |
| Company Expenditure | Allowable Expenses 5% | £4,350 |
| Employers N.I. on salary | £0 | |
| Salary | £8,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Total expenditure | £15,350 | |
| Net Result (Effective Income) | £71,659 | |
| Additional Employers NI Due 19th April | £8,689 | |
| Deemed payment | £62,969 | |
| Tax Calculations | Taxable Income (salary + deemed payment) | £70,969 |
| Employees NI | £0 | |
| PAYE | £0 | |
| Additional Employers NI | £8,689 | |
| Additional Employees NI | £4,752 | |
| Additional PAYE | £17,587 | |
| Extra tax payable on 19th April | £31,030 |