Your Details
Your Details | Rate | £775 |
Rate Type | Daily | |
Hours per week | 37.5 | |
Days per week | 5 | |
Weeks per year | 45 | |
Salary | £0 | |
Legitimate section 98 expenses | £0 | |
Pension contributions | £0 | |
Other income | £0 | |
Tax code | 1250L | |
Personal Income | Net Annual Income | £88,065 |
Net Monthly Income | £7,338 | |
Company Income | Contract revenue | £174,586 |
Other income | £0 | |
Total revenue | £174,586 | |
Company Expenditure | Allowable Expenses 5% | £8,729 |
Employers N.I. on salary | £0 | |
Salary | £0 | |
Legitimate section 98 expenses | £0 | |
Pension contributions | £0 | |
Total expenditure | £8,729 | |
Net Result (Effective Income) | £165,857 | |
Additional Employers NI Due 19th April | £20,112 | |
Deemed payment | £145,744 | |
Tax Calculations | Taxable Income (salary + deemed payment) | £145,744 |
Employees NI | £0 | |
PAYE | £0 | |
Additional Employers NI | £20,112 | |
Additional Employees NI | £6,881 | |
Additional PAYE | £50,797 | |
Extra tax payable on 19th April | £77,791 |