Your Details
| Your Details | Rate | £200 |
| Rate Type | Daily | |
| Hours per week | 37.5 | |
| Days per week | 5 | |
| Weeks per year | 48 | |
| Salary | £8,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Other income | £0 | |
| Tax code | 1257L | |
| Personal Income | Net Annual Income | £31,171 |
| Net Monthly Income | £2,597 | |
| Company Income | Contract revenue | £48,000 |
| Other income | £0 | |
| Total revenue | £48,000 | |
| Company Expenditure | Allowable Expenses 5% | £2,400 |
| Employers N.I. on salary | £0 | |
| Salary | £8,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Total expenditure | £13,400 | |
| Net Result (Effective Income) | £34,600 | |
| Additional Employers NI Due 19th April | £4,195 | |
| Deemed payment | £30,404 | |
| Tax Calculations | Taxable Income (salary + deemed payment) | £38,404 |
| Employees NI | £0 | |
| PAYE | £0 | |
| Additional Employers NI | £4,195 | |
| Additional Employees NI | £2,065 | |
| Additional PAYE | £5,166 | |
| Extra tax payable on 19th April | £11,428 |