Your Details
Your Details | Rate | £82 |
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 | £70,323 |
Net Monthly Income | £5,860 | |
Company Income | Contract revenue | £136,125 |
Other income | £0 | |
Total revenue | £136,125 | |
Company Expenditure | Allowable Expenses 5% | £6,806 |
Employers N.I. on salary | £0 | |
Salary | £8,000 | |
Legitimate section 98 expenses | £3,000 | |
Pension contributions | £0 | |
Total expenditure | £17,806 | |
Net Result (Effective Income) | £118,318 | |
Additional Employers NI Due 19th April | £14,347 | |
Deemed payment | £103,970 | |
Tax Calculations | Taxable Income (salary + deemed payment) | £111,970 |
Employees NI | £0 | |
PAYE | £0 | |
Additional Employers NI | £14,347 | |
Additional Employees NI | £5,762 | |
Additional PAYE | £35,884 | |
Extra tax payable on 19th April | £55,995 |