Your Details
Your Details | Rate | £601 |
Rate Type | Daily | |
Hours per week | 37.5 | |
Days per week | 5 | |
Weeks per year | 45 | |
Salary | £0 | |
Legitimate section 98 expenses | £0 | |
Pension contributions | £0 | |
Other income | £0 | |
Tax code | 1250L | |
Personal Income | Net Annual Income | £71,472 |
Net Monthly Income | £5,956 | |
Company Income | Contract revenue | £135,369 |
Other income | £0 | |
Total revenue | £135,369 | |
Company Expenditure | Allowable Expenses 5% | £6,768 |
Employers N.I. on salary | £0 | |
Salary | £0 | |
Legitimate section 98 expenses | £0 | |
Pension contributions | £0 | |
Total expenditure | £6,768 | |
Net Result (Effective Income) | £128,600 | |
Additional Employers NI Due 19th April | £15,594 | |
Deemed payment | £113,005 | |
Tax Calculations | Taxable Income (salary + deemed payment) | £113,005 |
Employees NI | £0 | |
PAYE | £0 | |
Additional Employers NI | £15,594 | |
Additional Employees NI | £6,226 | |
Additional PAYE | £35,306 | |
Extra tax payable on 19th April | £57,127 |