Shield for Contractors

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Company Calculations - Inside IR35

Your Details

Your Details Rate £611
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 £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

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