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Company Calculations - Inside IR35

Your Details

Your Details Rate £91
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 £75,942
Net Monthly Income £6,328
Company Income Contract revenue £151,453
Other income £0
Total revenue £151,453
Company Expenditure Allowable Expenses 5% £7,572
Employers N.I. on salary £0
Salary £8,000
Legitimate section 98 expenses £3,000
Pension contributions £0
Total expenditure £18,572
Net Result (Effective Income) £132,880
Additional Employers NI Due 19th April £16,113
Deemed payment £116,766
Tax Calculations Taxable Income (salary + deemed payment) £124,766
Employees NI £0
PAYE £0
Additional Employers NI £16,113
Additional Employees NI £6,461
Additional PAYE £42,362
Extra tax payable on 19th April £64,938

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