Your Details
| Your Details | Rate | £46 |
| 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 | 1250L | |
| Personal Income | Net Annual Income | £44,849 |
| Net Monthly Income | £3,737 | |
| Company Income | Contract revenue | £77,000 |
| Other income | £0 | |
| Total revenue | £77,000 | |
| Company Expenditure | Allowable Expenses 5% | £3,850 |
| Employers N.I. on salary | £0 | |
| Salary | £8,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Total expenditure | £14,850 | |
| Net Result (Effective Income) | £62,150 | |
| Additional Employers NI Due 19th April | £7,536 | |
| Deemed payment | £54,613 | |
| Tax Calculations | Taxable Income (salary + deemed payment) | £62,613 |
| Employees NI | £0 | |
| PAYE | £0 | |
| Additional Employers NI | £7,536 | |
| Additional Employees NI | £5,218 | |
| Additional PAYE | £12,545 | |
| Extra tax payable on 19th April | £25,300 |