Your Details
| Your Details | Rate | £45 |
| 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 | £44,683 |
| Net Monthly Income | £3,723 | |
| Company Income | Contract revenue | £75,801 |
| Other income | £0 | |
| Total revenue | £75,801 | |
| Company Expenditure | Allowable Expenses 5% | £3,790 |
| Employers N.I. on salary | £162 | |
| Salary | £6,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Total expenditure | £12,952 | |
| Net Result (Effective Income) | £62,848 | |
| Additional Employers NI Due 19th April | £7,131 | |
| Deemed payment | £55,716 | |
| Tax Calculations | Taxable Income (salary + deemed payment) | £61,716 |
| Employees NI | £139 | |
| PAYE | £0 | |
| Additional Employers NI | £7,131 | |
| Additional Employees NI | £3,129 | |
| Additional PAYE | £13,764 | |
| Extra tax payable on 19th April | £24,025 |