Your Details
Your Details | Rate | £611 |
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 | £72,186 |
Net Monthly Income | £6,015 | |
Company Income | Contract revenue | £137,619 |
Other income | £0 | |
Total revenue | £137,619 | |
Company Expenditure | Allowable Expenses 5% | £6,880 |
Employers N.I. on salary | £0 | |
Salary | £0 | |
Legitimate section 98 expenses | £0 | |
Pension contributions | £0 | |
Total expenditure | £6,880 | |
Net Result (Effective Income) | £130,738 | |
Additional Employers NI Due 19th April | £15,853 | |
Deemed payment | £114,884 | |
Tax Calculations | Taxable Income (salary + deemed payment) | £114,884 |
Employees NI | £0 | |
PAYE | £0 | |
Additional Employers NI | £15,853 | |
Additional Employees NI | £6,264 | |
Additional PAYE | £36,433 | |
Extra tax payable on 19th April | £58,551 |