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Company Calculations - Inside IR35

Your Details

Your Details Rate 500
Rate Type Daily
Hours per week
Days per week 5
Weeks per year 44
Salary 8,000
Legitimate section 98 expenses 3,000
Pension contributions 0
  Other income 0
Tax code 1250L
Personal Income Net Annual Income 60,827
Net Monthly Income 5,068
Company Income Contract revenue 110,000
Other income 0
Total revenue 110,000
Company Expenditure Allowable Expenses 5% 5,500
Employers N.I. on salary 0
Salary 8,000
Legitimate section 98 expenses 3,000
Pension contributions 0
Total expenditure 16,500
Net Result (Effective Income) 93,500
Additional Employers NI Due 19th April 11,338
Deemed payment 82,161
Tax Calculations Taxable Income (salary + deemed payment) 90,161
Employees NI 0
PAYE 0
Additional Employers NI 11,338
Additional Employees NI 5,769
Additional PAYE 23,564
Extra tax payable on 19th April 40,672

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