Nixon Williams

The UK's leading contractor site. 200,000 average monthly visitors.

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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