Your Details
Your Details | Rate | £99 |
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 | 1257L | |
Personal Income | Net Annual Income | £79,898 |
Net Monthly Income | £6,658 | |
Company Income | Contract revenue | £164,241 |
Other income | £0 | |
Total revenue | £164,241 | |
Company Expenditure | Allowable Expenses 5% | £8,212 |
Employers N.I. on salary | £0 | |
Salary | £8,000 | |
Legitimate section 98 expenses | £3,000 | |
Pension contributions | £0 | |
Total expenditure | £19,212 | |
Net Result (Effective Income) | £145,028 | |
Additional Employers NI Due 19th April | £18,971 | |
Deemed payment | £126,057 | |
Tax Calculations | Taxable Income (salary + deemed payment) | £134,057 |
Employees NI | £0 | |
PAYE | £0 | |
Additional Employers NI | £18,971 | |
Additional Employees NI | £8,076 | |
Additional PAYE | £46,082 | |
Extra tax payable on 19th April | £73,130 |