Shield for Business

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

Company Calculations - Inside IR35

Your Details

Your Details Rate 93
Rate Type Hourly
Hours per week 37.5
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 1257L
Personal Income Net Annual Income 77,590
Net Monthly Income 6,465
Company Income Contract revenue 154,687
Other income 0
Total revenue 154,687
Company Expenditure Allowable Expenses 5% 7,734
Employers N.I. on salary 0
Salary 8,000
Legitimate section 98 expenses 3,000
Pension contributions 0
Total expenditure 18,734
Net Result (Effective Income) 135,953
Additional Employers NI Due 19th April 16,486
Deemed payment 119,466
Tax Calculations Taxable Income (salary + deemed payment) 127,466
Employees NI 0
PAYE 0
Additional Employers NI 16,486
Additional Employees NI 6,429
Additional PAYE 43,446
Extra tax payable on 19th April 66,362

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