Your Details
| Your Details | Rate | £35 |
| Rate Type | Hourly | |
| Hours per week | 37.5 | |
| Days per week | 5 | |
| Weeks per year | 44 | |
| Salary | £5,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Other income | £0 | |
| Tax code | 1257L | |
| Personal Income | Net Annual Income | £37,384 |
| Net Monthly Income | £3,115 | |
| Company Income | Contract revenue | £58,772 |
| Other income | £0 | |
| Total revenue | £58,772 | |
| Company Expenditure | Allowable Expenses 5% | £2,938 |
| Employers N.I. on salary | £0 | |
| Salary | £5,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Total expenditure | £10,938 | |
| Net Result (Effective Income) | £47,834 | |
| Additional Employers NI Due 19th April | £5,800 | |
| Deemed payment | £42,033 | |
| Tax Calculations | Taxable Income (salary + deemed payment) | £47,033 |
| Employees NI | £0 | |
| PAYE | £0 | |
| Additional Employers NI | £5,800 | |
| Additional Employees NI | £2,755 | |
| Additional PAYE | £6,892 | |
| Extra tax payable on 19th April | £15,449 |