SG Accounting

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Company Calculations - Inside IR35

Your Details

Your Details Rate £601
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 £71,472
Net Monthly Income £5,956
Company Income Contract revenue £135,369
Other income £0
Total revenue £135,369
Company Expenditure Allowable Expenses 5% £6,768
Employers N.I. on salary £0
Salary £0
Legitimate section 98 expenses £0
Pension contributions £0
Total expenditure £6,768
Net Result (Effective Income) £128,600
Additional Employers NI Due 19th April £15,594
Deemed payment £113,005
Tax Calculations Taxable Income (salary + deemed payment) £113,005
Employees NI £0
PAYE £0
Additional Employers NI £15,594
Additional Employees NI £6,226
Additional PAYE £35,306
Extra tax payable on 19th April £57,127

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