Shield for Contractors

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Company Calculations - Inside IR35

Your Details

Your Details Rate £626
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 £73,256
Net Monthly Income £6,104
Company Income Contract revenue £140,994
Other income £0
Total revenue £140,994
Company Expenditure Allowable Expenses 5% £7,049
Employers N.I. on salary £0
Salary £0
Legitimate section 98 expenses £0
Pension contributions £0
Total expenditure £7,049
Net Result (Effective Income) £133,944
Additional Employers NI Due 19th April £16,242
Deemed payment £117,701
Tax Calculations Taxable Income (salary + deemed payment) £117,701
Employees NI £0
PAYE £0
Additional Employers NI £16,242
Additional Employees NI £6,320
Additional PAYE £38,124
Extra tax payable on 19th April £60,687

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