Nixon Williams

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

Company Calculations - Inside IR35

Your Details

Your Details Rate £775
Rate Type Daily
Hours per week
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 £88,065
Net Monthly Income £7,338
Company Income Contract revenue £174,586
Other income £0
Total revenue £174,586
Company Expenditure Allowable Expenses 5% £8,729
Employers N.I. on salary £0
Salary £0
Legitimate section 98 expenses £0
Pension contributions £0
Total expenditure £8,729
Net Result (Effective Income) £165,857
Additional Employers NI Due 19th April £20,112
Deemed payment £145,744
Tax Calculations Taxable Income (salary + deemed payment) £145,744
Employees NI £0
PAYE £0
Additional Employers NI £20,112
Additional Employees NI £6,881
Additional PAYE £50,797
Extra tax payable on 19th April £77,791

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