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Company Calculations - Inside IR35

Your Details

Your Details Rate £500
Rate Type Daily
Hours per week
Days per week 5
Weeks per year 48
Salary £0
Legitimate section 98 expenses £0
Pension contributions £0
  Other income £0
Tax code 1250L
Personal Income Net Annual Income £66,599
Net Monthly Income £5,549
Company Income Contract revenue £120,000
Other income £0
Total revenue £120,000
Company Expenditure Allowable Expenses 5% £6,000
Employers N.I. on salary £0
Salary £0
Legitimate section 98 expenses £0
Pension contributions £0
Total expenditure £6,000
Net Result (Effective Income) £114,000
Additional Employers NI Due 19th April £13,824
Deemed payment £100,175
Tax Calculations Taxable Income (salary + deemed payment) £100,175
Employees NI £0
PAYE £0
Additional Employers NI £13,824
Additional Employees NI £5,970
Additional PAYE £27,606
Extra tax payable on 19th April £47,400

Other relevant information:

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