Your Details
| Your Details | Rate | £35 |
| Rate Type | Hourly | |
| Hours per week | 37.5 | |
| Days per week | 5 | |
| Weeks per year | 44 | |
| Salary | £6,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Other income | £0 | |
| Tax code | 1257L | |
| Personal Income | Net Annual Income | £35,714 |
| Net Monthly Income | £2,976 | |
| Company Income | Contract revenue | £57,750 |
| Other income | £0 | |
| Total revenue | £57,750 | |
| Company Expenditure | Allowable Expenses 5% | £2,887 |
| Employers N.I. on salary | £162 | |
| Salary | £6,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Total expenditure | £12,049 | |
| Net Result (Effective Income) | £45,700 | |
| Additional Employers NI Due 19th April | £5,185 | |
| Deemed payment | £40,514 | |
| Tax Calculations | Taxable Income (salary + deemed payment) | £46,514 |
| Employees NI | £139 | |
| PAYE | £0 | |
| Additional Employers NI | £5,185 | |
| Additional Employees NI | £2,977 | |
| Additional PAYE | £7,683 | |
| Extra tax payable on 19th April | £15,846 |