PAYE (on £8,000, Tax code 1100L, Fiscal Year 2016/2017)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Basic rate | 20% | 0 | £32,000 | £0 |
| Higher rate | 40% | £32,000 | £150,000 | £0 |
| Additional rate | 45% | £150,000 | - | £0 |
| Total Tax: | £0 |
Employees NI (on £8,000, Fiscal Year 2016/2017)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Primary threshold | 0% | 0 | £155 | 0 |
| rate below upper earnings limit | 12% | £155 | £827 | £0 |
| rate above upper earnings limit | 2% | £827 | - | £0 |
| Total Tax: | £0 |
Employers NI (on £8,000, Fiscal Year 2016/2017)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Secondary class 1 rate | 13.8% | £155 | - | £0 |
| Total Tax: | £0 |
IR35 Taxes (on Deemed Payment of £56,449, Fiscal Year 2016/2017)
| Additional Employers NI | £7,790 |
| Additional Employees NI | £4,622 |
| Additional Paye | £14,979 |
| Total Taxes payable in April | £27,392 |