Your Details
Your Details | Rate | £80 |
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 | 1150L | |
Personal Income | Net Annual Income | £69,337 |
Net Monthly Income | £5,778 | |
Company Income | Contract revenue | £133,023 |
Other income | £0 | |
Total revenue | £133,023 | |
Company Expenditure | Allowable Expenses 5% | £6,651 |
Employers N.I. on salary | £0 | |
Salary | £8,000 | |
Legitimate section 98 expenses | £3,000 | |
Pension contributions | £0 | |
Total expenditure | £17,651 | |
Net Result (Effective Income) | £115,371 | |
Additional Employers NI Due 19th April | £13,990 | |
Deemed payment | £101,381 | |
Tax Calculations | Taxable Income (salary + deemed payment) | £109,381 |
Employees NI | £0 | |
PAYE | £0 | |
Additional Employers NI | £13,990 | |
Additional Employees NI | £5,711 | |
Additional PAYE | £34,332 | |
Extra tax payable on 19th April | £54,034 |